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Find the values of x and y that maximize profits

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Reference no: EM131567200

Question: A firm produces two goods. The cost of producing x units of good 1 and y units of good 2 is

C(x, y) = x2 + xy + y2 + x + y + 14

Suppose that the firm sells all its output of each good at prices per unit of p and q respectively. Find the values of x and y that maximize profits.

Reference no: EM131567200

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