Suppose a firm produces two products, X and Y. The firm earns revenues from X equal to $70,000 and revenues from Y equal to $60,
1 answer:
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Answer:
The amount after 2 years will be $460590
Explanation:
The payment which is done 2 year from today = $200000
The payment which is done one year from today = $150000
Rate of interest = 3 %
So the amount after 1 year
The amount which is done today = $100000
So amount after 2 years
So total amount after 2 years = $106090+$154500+$200000 = $460590
Answer:
This profit equation is an equation of a parabola that opens downward (Since A=-0.07<0) and has its vertex at
Thus, revenue is maximized when x=250 hundred units. At this quantity maximum profit is
P(250)=3800.23 hundred dollars
b. Profits are maximised at x=250 hundred units. The per unit price at this is,