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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:

 

 

 

  1.  Profit maximizing values of input “x” 
  2.  Profit maximizing values of input “y”
  3.  The Lagrangian Multiplier “λ”. Also interpret it.

 

 

 

(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.

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Replies to This Discussion

Please Discuss here about this assignment.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

anybody complete this assignment ? kindly advise 

Thanks 

any idea how to solve it?

page 14 pe solution hai par is ka answer kase nikla mujhe samaj mein nahi raha

aoa
simple sa to ha kia problem ha share karo plz

mene kar lia.. solution ka answer match kar sakty ho ap? 

Solution: X = 7, Y = 7,  l = 151

ye mera hai... apka kia hai?

ap ka answer correct nae ha dear faraz

Dear Asif, procedure batao plz kaha ghalti kar raha hoin...

Dear complete solution send karian

Assalam o alikum

My answer is X=-7, Y=21 , Lambda =81 and profit of the company = 2,457

Dear X, Y and lembda ka answer correct ha mara b ya he ata ha

Can any one plz tell me how to calculate value of X, Y & Lambda....?

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