Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is thousand units and the demand for brand 2 is thousand units, where p₁ and p₂ prices in dollars. If the joint cost function is , in thousands of dollars, how many of each brand should be produced to maximize profit? A) 74 units of brand 1 82 units of brand 2 B) 9 units of brand 1 52 units of brand 2 C) 74 units of brand 1 52 units of brand 2 D) 14 units of brand 1 38 units of brand 2 E) 27 units of brand 1 77 units of brand 2

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The Answer of Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is thousand units and the demand for brand 2 is thousand units, where p₁ and p₂ prices in dollars. If the joint cost function is , in thousands of dollars, how many of each brand should be produced to maximize profit? A) 74 units of brand 1 82 units of brand 2 B) 9 units of brand 1 52 units of brand 2 C) 74 units of brand 1 52 units of brand 2 D) 14 units of brand 1 38 units of brand 2 E) 27 units of brand 1 77 units of brand 2

Suppose That a Manufacturer Produces Two Brands of a Product