A monopolist producing a single product has two types of customers. If q1 units are produced for
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A monopolist producing a single product has two types of customers. If q1 units are produced for customer 1, then customer 1 is willing to pay a price of 70 - 4q1 dollars. If q2
units are produced for customer 2, then customer 2 is willing to pay a price of 150
15q2 dollars. For q > 0, the cost of manufacturing q units is 100+ 15q dollars. To maximize profit, how much should the monopolist sell to each customer?
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Related Book For 
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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