Suppose that a farm manager seeks to maximize its total profit function a s given by the equation, profit =80x-2x^2-xy-3y^2+100y. let x=cabbages and y= onions. but the manager faces a constrain that the sum of the cabbages and onions must be equal to 12. a. Calculate the level of output at which the farm maximizes profit b. Calculate the farms profit. c. Comment on the farms performance.

Suppose that a farm manager seeks to maximize its total profit function a s given by the equation, profit =80x-2x^2-xy-3y^2+100y. let x=cabbages and y= onions. but the manager faces a constrain that the sum of the cabbages and onions must be equal to 12. a. Calculate the level of output at which the farm maximizes profit b. Calculate the farms profit. c. Comment on the farms performance.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Perfect Competition

Section9.2: Perfect Competition In The Short Run

Problem 3ST

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Suppose that a farm manager seeks to maximize its total profit function a s given by the equation, profit =80x-2x^2-xy-3y^2+100y. let x=cabbages and y= onions. but the manager faces a constrain that the sum of the cabbages and onions must be equal to 12.a. Calculate the level of output at which the farm maximizes profitb. Calculate the farms profit.
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