Sketch curves of constant profit

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Question: A manufacturer sells two goods, one at a price of $3000 a unit and the other at a price of $12,000 a unit. A quantity q1 of the first good and q2 of the second good are sold at a total cost of $4000 to the manufacturer.

(a) Express the manufacturer's profit, π, as a function of q1 and q2.

(b) Sketch curves of constant profit in the q1q2-plane for π = 10,000, π = 20,000, and π = 30,000 and the break-even curve π = 0.

Reference no: EM131613551

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