The quantity in order to maximize profits

Assignment Help Business Management

Reference no: EM1337426

The cost to produce each of two products is dependent on the quantity in order to maximize profits.

product a sells for $10,000 a unit and product 2 sells for $12,000 a unit. Fixed cost is $2,000 for each product find the optimal points.

c1=x1+x2(in thousands of dollars)
c2=2x2+x1(in thousands of dollars)

Reference no: EM1337426

Questions Cloud

Illustrate why is strategic interdependence important : Illustrate why is strategic interdependence important for the market structure of oligopolies. What happens in the market for oranges if there is a hurricane that destroys the orange crop.

Computing operating cash flows in first year : Both machines are in the 4 year MACRS class, with depreciation amounts of 15%, 45%, 33% and 7%. What are the Operating Cash Flows in the first year (Year 1) with the new machine?

Excel solver problem : Redwood costs $8 per board foot cedar costs $6 per board foot, 12 inch fittings cost $2.50 8 inch fittings cost $1.50 bolts cost $.50 the hourly wage rate and fringe benefits of the workers average $9.00 per hour.

Explain effective marketing and marketing mix : Explain Effective Marketing and Marketing Mix and Select a well-known organization that you perceive as effective in marketing

The quantity in order to maximize profits : The cost to produce each of two products is dependent on the quantity in order to maximize profits.

Law violating the ethical standards : Harsher punishments should be implemented when an officer of the law violates ethical standards.

Explaining business-related topic of interest : You are welcome to survey the literature on a business-related topic of interest.

Elucidate what happens to the price of shoes : Elucidate what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.

What subsystems were involved in this problem : Think about the most difficult troubleshooting problem you've encountered in your recent experience- one where the solutions was not straightforward and where the problem was into a simple request for information.

User Account

All Pages