Maximizing Profit

afung22

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Jan 19, 2012
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[h=2]Let x be the number of units to be sold in the first country and y the number of units to be sold in the second country. Due to the laws of demand, the monopolist must set the price at 97 − (x/10) dollars in the first country and 83 − (y/20) dollars in the second country to sell all units. The cost of producing these units is 20, 000 + 3(x + y). Find the values of x and y that maximize the profit.

I got (x,y) = (500, 860) but I'm not completely sure if it's right....[/h]
 
How did you get that?
What errors did you commit deliberately that contribute to your doubt?
 
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