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(Solved): monopoly sells two different brands of a product for which the demand functions are: 1 = 50 ...



monopoly sells two different brands of a product for which the demand functions are:
????1 = 50− 0.5????2
????2 = 76 − 0.5????1
And the cost function for the firm is ????(????1, ????2) = 6????12 + 2????1????2 + 2????22 + 550. Find the profit maximizing
output levels of ????1 and ????2 and also the maximum profit.



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