A manufacturer of television sets makes two models, the Deluxe and the Standard. The manager estimates that
Question:
A manufacturer of television sets makes two models, the Deluxe and the Standard. The manager estimates that when x hundred Deluxe sets and y hundred Standard sets are produced each year, the annual profit will be P(x, y) thousand dollars, where
The company can produce exactly 30,000 sets each year. How many Deluxe and how many Standard sets should be produced each year to maximize annual profit?
Transcribed Image Text:
P(x, y) = -0.3x²0.5xy - 0.4y² + 85x + 125y - 2,500
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So 12500 Deluxe sets and 17500 Standard sets should be produced Px y03x 05xy04y 8...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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