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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)
DUE DATE: 22 NOVEMBER, 2016
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
Keeping in view the above information, use the Lagrangian Multiplier method to calculate:
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What is the procedure of finding the value of x & y after getting equatioin 4..??
simple eq solve karo and get value
For Ambreen only
From Equation 3 y= 14 - x , putting this value of y in Equation 4 we get x value as following
– 5X + 5Y -140=0
x = - 7........now find x in the same way then lamda
Thnk u for replying :
plzzzzz upload complete solution ...
what ur problem it very simple seee page no 13 and 14 and sole it similarly
Interpretation bhe same likh dain...as per book...or what??
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Eco 404 assignment solution
yes this the right solution.