A firm that produces two types of smartphone cases has estimated the quantities of Type A and Type B cases that it can produce with two levels of total expenditures as shown in the table below.
$$\begin{array} { | l | l | l | l | }
\hline { \text { Total Cost } = 80 } & & { \text { Total cost=110 } } \
\hline \text { Type A } & \text { Type B } & \text { Type A } & \text { Type B } \
\hline 50 & 0 & 60 & 0 \
\hline 45 & 30 & 55 & 40 \
\hline 35 & 50 & 40 & 70 \
\hline 20 & 60 & 24 & 90 \
\hline 0 & 70 & 0 & 100 \
\hline
\end{array}$$ If it sells each of these products for $1 per unit, what is the optimal combination of Type A and Type B smartphone cases the firm should produce and what is the maximum profit it can achieve?

Question

A firm that produces two types of smartphone cases has estimated the quantities of Type A and Type B cases that it can produce with two levels of total expenditures as shown in the table below.
 $$\begin{array} { | l | l | l | l | } 
\hline { \text { Total Cost } = 80 } & & { \text { Total cost=110 } } \
\hline \text { Type A } & \text { Type B } & \text { Type A } & \text { Type B } \
\hline 50 & 0 & 60 & 0 \
\hline 45 & 30 & 55 & 40 \
\hline 35 & 50 & 40 & 70 \
\hline 20 & 60 & 24 & 90 \
\hline 0 & 70 & 0 & 100 \
\hline
\end{array}$$ If it sells each of these products for $1 per unit, what is the optimal combination of Type A and Type B smartphone cases the firm should produce and what is the maximum profit it can achieve?

Quizplus · Accepted Answer

The Answer of A firm that produces two types of smartphone cases has estimated the quantities of Type A and Type B cases that it can produce with two levels of total expenditures as shown in the table below.
 $$\begin{array} { | l | l | l | l | } 
\hline { \text { Total Cost } = 80 } & & { \text { Total cost=110 } } \
\hline \text { Type A } & \text { Type B } & \text { Type A } & \text { Type B } \
\hline 50 & 0 & 60 & 0 \
\hline 45 & 30 & 55 & 40 \
\hline 35 & 50 & 40 & 70 \
\hline 20 & 60 & 24 & 90 \
\hline 0 & 70 & 0 & 100 \
\hline
\end{array}$$ If it sells each of these products for $1 per unit, what is the optimal combination of Type A and Type B smartphone cases the firm should produce and what is the maximum profit it can achieve?

A Firm That Produces Two Types of Smartphone Cases Has