Ask a New Question
Menu

Posted by Patrick on Saturday, September 22, 2007 at 5:25pm.

Suppose Nick produces to goods @ cost
C(q1,q2)=1000=.5q1^2+.5q2^2-5q1q2
If nick produces only one of he two goods his cost is given this cost function with the other good set = to 0.
The inverse demand functions for the two goods are given by
p1=a-.25q1 and p2=A-.05q2 a=17 A=10
How much more of good one does nick produce to maximize profits when he optimally produces both goods than when he produces only one?

Need help setting up and solving Please!!!

Similar Questions
  1. Suppose Nick produces to goods @ costC(q1,q2)=1000=.5q1^2+.5q2^2->5q1q2 If nick produces only one of he two goods his cost is
    1. answers icon 0 answers
  2. Posted by Jet on Saturday, September 29, 2007 at 2:01pm.The least number of moves in the Tower of Hanoi puzzle with 5 disks?
    1. answers icon 1 answer
  3. Posted by Josh on Saturday, March 17, 2007 at 10:58pm.How many grams of hydrochloric acid are required to react completely with
    1. answers icon 0 answers
  4. Posted by Connie on Saturday, September 10, 2011 at 10:36am.What is the amount of energy of calories to heat 8.5g of water from
    1. answers icon 0 answers
more similar questions