A manufacturer produces three products x, y, | vedclass

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Question

(A) Let the sales matrix $A$ be represented as:$A = \begin{bmatrix} 10000 & 2000 & 18000 \ 6000 & 20000 & 8000 \end{bmatrix}$Let the price matrix $P$

Vedclass · Accepted Answer

Rs. $46,000$ and Rs. $53,000$

Vedclass · Answer

(A) Let the sales matrix $A$ be represented as:$A = \begin{bmatrix} 10000 & 2000 & 18000 \ 6000 & 20000 & 8000 \end{bmatrix}$Let the price matrix $P$ be represented as:$P = \begin{bmatrix} 2.50 \ 1.50 \ 1.00 \end{bmatrix}$The total revenue matrix $R$ is given by the product $A 	imes P$:$R = \begin{bmatrix} 10000 & 2000 & 18000 \ 6000 & 20000 & 8000 \end{bmatrix} \begin{bmatrix} 2.50 \ 1.50 \ 1.00 \end{bmatrix}$For Market $I$:$10000 	imes 2.50 + 2000 	imes 1.50 + 18000 	imes 1.00 = 25000 + 3000 + 18000 = 46000$For Market $II$:$6000 	imes 2.50 + 20000 	imes 1.50 + 8000 	imes 1.00 = 15000 + 30000 + 8000 = 53000$Thus,the total revenue in market $I$ is Rs. $46,000$ and in market $II$ is Rs. $53,000$.

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Market	$x, y, z$
$I$	$10,000, 2,000, 18,000$
$II$	$6,000, 20,000, 8,000$