1. Math
  2. Algebra
  3. your company manufactures two models of speakers the ultra mini...

Question: your company manufactures two models of speakers the ultra mini...

Question details

Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive, then more people will buy the other. If p1 is the price of the Ultra Mini, and p2 is the price of the Big Stack, demand for the Ultra Mini is given by q1(p1, p2)一100,000-900p1 + 10p2 where q1 represents the number of Ultra Minis that will be sold in a year. The demand for the Big Stack is given by q2(p1, p2) = 150,000 + 10p1-900p2. Find the prices for the Ultra Mini and the Big Stack that will maximize your total revenue. (Round your answers to two decimal places.) P1-Locate and classify all the critical points of the function. (HINT See Example 2. Order your answers by their ordered pairs, from smallest to largest x, then from smallest to largest y. If an answer does not exist, enter DNE.) t(x,y) x3-6xy3 (x, 00- saddle point relative minimum

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution