Math Solutions

(Solution Library) A retail sales outlet sells two competitive products, the prices of which are p 1 and p 2 . Find p 1 and p 2 so as to maximize the total revenue

Question: A retail sales outlet sells two competitive products, the prices of which are p 1 and p 2 . Find p 1 and p 2 so as to maximize the total revenue (R) where

\[R=515{{p}_{1}}+805{{p}_{2}}-1.5{{p}_{1}}{{p}_{2}}-1.5p_{1}^{2}-p_{2}^{2}\]

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Deliverable: Word Document


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