ASSIGNMENT 2: MANAGEMENT MATHEMATICS 2

1. List any 4 limitations of input-output analysis.
2. The customer loyalty for product W, X and Y are shown in the table:

			TO
		W	X	Y
	W	8,000	1,000	1,100
FROM	X	2,000	9,000	1,000
	Y	1,200	3,600	7,200

Determine the equilibrium point.

• The demand function and the average cost .Determine the:
• Profit function.
• Profit. Hence show it is maximum