E Elyce New member Dec 6, 2009 #1 i need to find p1 and p2 so as to maximize the total revenue R = x1p1 + x2p2 for a retail outlet that sells two competitive products with the given demand functions when : x1 = 1500 – 4p1 + 2p2 & x2 = 1200 + 4p1 – 3p2
i need to find p1 and p2 so as to maximize the total revenue R = x1p1 + x2p2 for a retail outlet that sells two competitive products with the given demand functions when : x1 = 1500 – 4p1 + 2p2 & x2 = 1200 + 4p1 – 3p2
