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Fnd an expression for pro?t function

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Reference no: EM133079408

A ?rm is the only supplier of two goods, X and Y, and the demand equations for these goods are 4m+px=200 and 2y+py=152 where 39).; and py are the prices and x and y are the quantities of X and Y respectively. If the ?rm's cost function is given by 0(55, 3;) = 61:2 + 4333; + 4312 + 100, ?nd an expression for its pro?t function 7r(:1':, 3;). Determine the values of :1: and 3; that will maximise this pro?t and ?nd the corresponding prices.

Reference no: EM133079408

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