#stuck on the first question, can someone explain?
night beacon
haughty pastureBOT
boreal sky
You can solve for q2 in terms of q1 from the fact that the total production is 16
Do you know how to find revenue given production and price?
night beacon
yeah. revenue = price x quantity. no?
ive been trying to solve this for the past hour, if u can help me out here that would be nice
boreal sky
Lol
night beacon
The revenue function is: R = -4q^2 + 74q - 192
help for (b) would be rly appreciated tho
i cant solve it either
boreal sky
What restrictions do you need to consider?
night beacon
restrictions of the revenue i suppose
boreal sky
I think it's taking about restrictions on q1 q2 p1 and p2
Basically, you can't make negative of something
night beacon
quantity cant be negative
thats all i know from here lol
i looked at the answer sheet for the answer, and still didnt understand how to solve it
boreal sky
Price probably shouldn't be negative either
night beacon
okay, what do i do now tho lmao
i graphed it, and still coudnt understand how they got the domain
boreal sky
Write out each statement, like q1>=0, q2>=0
Then express reach variants in terms of q1
night beacon
wait are we talking about (a) or (b) here
boreal sky
B
boreal sky
Can you write out the 4 inequalities?
night beacon
yep did it
p1,p2,q1,q2 have to be >= 0
that gives me q1 = 4, p1 = 10
and q2 = 12, p2 = 0
boreal sky
That's the only possibility?
night beacon
hahaha i love how u give me clues on how to solve the question
okay one sec
bro finally
i fkn did it
this was a mindfuck question for me
the domain is [4,14] because values lower than 4 or higher than 14 would make a negative number for price
am i correct?
boreal sky
Yeah, looks good