In Exercises 29 through 35, assume that the required extreme value is a relative extremum. Repeat Exercise

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In Exercises 29 through 35, assume that the required extreme value is a relative extremum.

Repeat Exercise 31 for the case where p = 20 − 5x, q = 4 − 2y, and C = 2xy + 4.


Data from Exercises 31

A company produces x units of commodity A and y units of commodity B. All the units can be sold for p = 100 − x dollars per unit of A and q = 100 − y dollars per unit of B. The cost (in dollars) of producing these units is given by the joint-cost function C(x, y) = x2 + xy + y2. What should x and y be to maximize profit?


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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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