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a) Delta Company manufactures specializes in production of two unique products X and Y. a recent evaluation in their data revealed that the revenue follows
a) Delta Company manufactures specializes in production of two unique products X and Y. a recent evaluation in their data revealed that the revenue follows the following function. R = 30 + 16y-12y2 + 18x-x? + 21xy The team hired you to advice on; (i) The number of units to produce in order to maximize revenue. Comment on your results. (8 Marks) 2 b) The marginal revenue function of Maxwell Ltd Company is given by the expression MR 300-4q? while its average cost is given by the 50 expression AC = 2q + -- 10 where q represents the number of units 9 produced and sold by Maxwell Ltd Company. The directors require you to advise them on; (i) The total revenue, total cost, total profit functions and obtain the maximum revenue. (ii) The quantity which would maximize the profit. (iii) Maximum profit that can be attained
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