Suppose a store sells two brands of disposable razors and the profit for these is a function

Question:

Suppose a store sells two brands of disposable razors and the profit for these is a function of their two selling prices. The type 1 razor sells for $x, the type 2 sells for $y, and profit is given by

P = 915x - 30x² - 45xy + 975y - 30y² - 3500

Find the selling prices that maximize profit. Find the maximum profit.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Nov 16, 2020 03:04 AM

See More Questions

A store sells two brands of laptop sleeves. The store pays $25 for each brand A sleeve and $30 for each brand B sleeve. A consulting firm has estimated the daily demand equations for these two...
Two firms produce luxury sheepskin auto seat covers, Western Where (WW) and B.B.B. Sheep (BBBS). Each firm has a cost function given by C (q) = 30q + 1.5q 2 The market demand for these seat covers is...
A company makes car seats and strollers. Each car seat and stroller passes through three processes: assembly, safety testing, and packaging. A car seat requires 1 hr in assembly, 2 hr in safety...
O 00:29:33 4. Let an be a convergent series and b, be a soquence such that 0 <2+ a, < b Which of the following statements are true? 10 I) The convergence or divergence of cannot be concluded. Im (2+...
Consider a real-time system with two voice calls of periodicity 5 msec each with CPU time per call of 1 msec, and one video stream of periodicity 33 ms with CPU time per call of 11 msec. Is this...
A company is considering an investment paying $10,000 every six months for three years. The first payment would be received in six months. If this company requires an 8% annual return, what is the...
What are the key points she should make in her presentation? ALTA DATA SOLUTIONS: MAKING THE SALE36 When Vicki Nguyen reached her office, she had a message from Mike Smith, the regional sales...
The spectral absorptivity ?? and spectral reflectivity p? for a spectrally selective, diffuse material are as shown. (a) Sketch the spectral transmissivity ??. (b) If solar irradiation with GS = 750...
Interest rates are equal to 6% for every maturity. A 3-year bond with face value $800 offers an annual coupon rate of 8%. A 2-year bond with an annual coupon $60 sells at par. What is the price of...
Assume that WES would like to replace its non-current lease liabilities (in 2021) with a new issue of bonds. Assume that the issue will have a coupon rate of 5% with a 15 year maturity. Assume the...
Give the domain of each function in Problem. q = 5p 1 2 - p 1 - p 2
In Problem, find each functions relative maxima, relative minima, and saddle points, if they exist. z = 4x 2 + y 2 + 4x + 1
Air at a total pressure of 90 kPa, 15C, and 75 percent relative humidity is heated and humidified to 25C and 75 percent relative humidity by introducing water vapor. If the mass flow rate of dry air...
The following information summarizes the activities in the Mixing Department for the month of March. Beginning inventory 1 , 0 0 0 units, 8 0 % complete Started and completed 2 4 , 5 0 0 units Ending...
What is your recommendation for the maximum size of coarse aggregate for the following situation? A continuously reinforced concrete pavement cross section contains a layer of No. 6 reinforced bars...
On January 1, 2024, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $72,000 each, beginning December 31,...
A closed square pyramid tank (base width: 6.0 m; height 3.0 m), sitting on its square base, has a 1.0 m depth of water. Suppose this tank is inverted (turned upside down) and is made to stand on its...
P.4.3 Apply a Taylor series expansion to a mixed backward formula for the first derivative: (Ux)i = 1 Ax (aui-2+ bui-1 + cu + dui+1) Derive the family of second order accurate formulas and the...
Differentiate the functions in Problem. 3 f(s) = (2s5 + 1)4
Charles owns an office building and land that are used in his trade or business. The office building and land were acquired in 1978 for $800,000 and $100,000, respectively. During the current year,...
The Producer Price Index values for plumbing fixtures and brass fittings from 1996 through 2001 are shown below. Convert the index numbers so that the base period will be 1996 instead of 1982. 1999...
Fit a linear trend equation to the following data describing the number of active U.S. military personnel from 1994 through 2000. What is the trend estimate for 2010? Military Personnel Year...
SUBWAY has grown to include more than 20,000 restaurants worldwide since they opened their first one in 1965. The accompanying data show the number of SUBWAY restaurants worldwide from 1985 through...
A firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8....
5. Which of the following is the cheapest for a borrower? a. 6.7% annual money market basis b. 6.7% semi-annual money market basis c. 6.7% annual bond basis d. 6.7% semi-annual bond basis.
Waterloo Industries pays 30 percent corporate income taxes, and its after-tax MARR is 24 percent. A project has a before-tax IRR of 26 percent. Should the project be approved? What would your...

Suppose a store sells two brands of disposable razors and the profit for these is a function

Question:

Step by Step Answer:

P915x30x 45xy975y30y3500 P91560x45y 15614x3y P ...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions