A partnership will generate revenue p = 2x + y + xy, where x and y are the efforts of partners 1 and 2, respectively. Partners bear effort costs of 2x2 and y2, respectively, and they share the revenue equally. What is the ratio of the equilibrium efforts ? 1/2 4

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 2E
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A partnership will generate revenue p = 2x + y + xy, where x and y are the efforts of partners
1 and 2, respectively. Partners bear effort costs of 2x? and y2, respectively, and they share
the revenue equally. What is the ratio of the equilibrium efforts
1/2
1
4
8
Transcribed Image Text:A partnership will generate revenue p = 2x + y + xy, where x and y are the efforts of partners 1 and 2, respectively. Partners bear effort costs of 2x? and y2, respectively, and they share the revenue equally. What is the ratio of the equilibrium efforts 1/2 1 4 8
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