ACME Thingamjigs ltd. produces two types of thingamajigs, Type 1 and Type 2. The demand for equations for these Thingamajigs are 91 = 120 1.5p₁ + P₂ and = 92 100+2p13p2 where P₁ and P2₂ are the prices that ACME sets for Type 1 and Type 2 Thingamajigs, respectively, and ₁ and 2 are the corresponding weekly demands for these goods. ACME's weekly production cost is given by c= 40q₁ +30q₂ + 2000. The prices that ACME should set to maximize their weekly profit are p [Select] and p [Select] and their maximum = [Select] weekly profit is * =

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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for the first selection the choices are: a) $130.00 b) $115.00 c) $100.00 d) $90.00

fort the second selection the choices are: a) $105.00 b) $130.00 c) $100.00 d) $90.00

for the third selection the choices are: a) $3940 b) $4750 c) $6290 d) $5270

ACME Thingamjigs ltd. produces two types of thingamajigs, Type 1 and Type 2. The
demand for equations for these Thingamajigs are
91 = 120 1.5p₁ + P₂
and
=
92
100+2p13p2
where
P₁ and P2₂ are the prices that ACME sets for Type 1 and Type 2 Thingamajigs,
respectively, and ₁ and 2 are the corresponding weekly demands for these goods.
ACME's weekly production cost is given by c= 40q₁ +30q₂ + 2000.
The prices that ACME should set to maximize their weekly profit are p
[Select]
and p
[Select]
and their maximum
=
weekly profit is * =
[Select]
Transcribed Image Text:ACME Thingamjigs ltd. produces two types of thingamajigs, Type 1 and Type 2. The demand for equations for these Thingamajigs are 91 = 120 1.5p₁ + P₂ and = 92 100+2p13p2 where P₁ and P2₂ are the prices that ACME sets for Type 1 and Type 2 Thingamajigs, respectively, and ₁ and 2 are the corresponding weekly demands for these goods. ACME's weekly production cost is given by c= 40q₁ +30q₂ + 2000. The prices that ACME should set to maximize their weekly profit are p [Select] and p [Select] and their maximum = weekly profit is * = [Select]
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