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ECO404 Assignment No 01 Solution & Discussion Due Date: Nov 22, 2016
ECO404 - Managerial Economics Assignment No. 1 Solution Fall 2016 Due Date: Nov 22, 2016
MANAGERIAL ECONOMICS (ECO404)
ASSIGNMENT
DUE DATE: 22 NOVEMBER, 2016
MARKS: 10
QUESTION:
Nestle Pakistan is one of the leading food and beverage companies in Pakistan with key focus on nutrition, health and wellness. The top priority of the company is to produce good quality and safely products with environment friendly operations. Different brands of the company include ambient dairy, coffee, bottled water, juices, baby food and breakfast cereals. Let the profit function of Nestle Pakistan is given as under
π = 60x – 3x2 –xy – 3y2 + 200y
Subject to the following constraint:
x + y = 14
REQUIREMENTS:
Keeping in view the above information, use the Lagrangian Multiplier method to calculate:
(Marks: 3+3+4)
Note: You are advised to watch video lectures as well as study handouts and recommended text books before attempting the assignment. Write down all relevant steps involved in
calculations.
IMPORTANT:
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dear ap ka ya wrong ha please correct it
– 5X +X + 5Y -140
correct ya ha
– 5X + 5Y -140
hopefully u get correct result
ie
Correct Ans:
X = -7, Y = 21, Lambda = 81
lucky zafar brother....kindly tell how you find the valueof x,y and λ in your following method,actually i dont know the method plz
Solution: X = 7, Y = 7, and λ = 371
Hello #lucky Zafar
Apka solution bilkul sahi hai mene bhi asi hi kara hai...
par last mein λ = 371 ye wrong hai...
∂L/ ∂Y = – X – 6Y + 200 - λ = 0 2 is mein X & Y ki value dale gi or answer 151 aye ga..
notes k page 14 pe dekhlo bilkul ase hi hoa hai
Is ka second part kara hai ?
dear ap ka ya wrong ha please correct it
– 5X +X + 5Y -140
correct ya ha
– 5X + 5Y -140
hopefully u get correct result
ie
Correct Ans:
X = -7, Y = 21, Lambda = 81
bhai apne notes dekhy hai ? page 14 pe ??
g ap ko mistake bati to ha plz check it or send me whattapp no me raf ap ko send kr data hun then discuse kr lain gy
@Faraz: i think you are subtracting equation 1 from equation 2.
dear please note: "Subtract equation 2 from equation 1" to get Equation 4
in this way Signs of equation 2 will change due to the subtraction.
Then you will get: -5X+5Y-140=0
Please confirm.
dear Mohammad Asif plz tell me how to calculate value of x & y...?
ap whatsapp ka no do ya mailing address me ruf work send kr data hun ap ko
dear sarfraz...if X = -7, Y = 21 then by putting these values in ∂L/ ∂Y = – X – 6Y + 200 - λ , we get
λ= 81.............plz calculate carefully otherwise u will lose mks
Thanks all specially faraz,asif,Jv and lucky zafar
faraz and asif.....how we will interpret the final question as asked by the examiner.....any idea?
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