Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6) The annual profits (in millions) of a company are given by: B(x, y) = -x 2 - y 2 + 22x + 18y -

image text in transcribed

6) The annual profits (in millions) of a company are given by: B(x, y) = -x2 - y2 + 22x + 18y - 102, Where "x" is the amount invested in research (in millions) and "Y" is the spending on advertising (also in millions).

a) Find the benefits when and when x = 10, y = 8 and when x = 12, y = 10.

b) Find the values ??of x, y that maximize profit, along with the corresponding profit x y.

image text in transcribed
6) The annual profits (in millions) of a company are given by: B(x, y) = -x2 - y2 + 22x + 18y - 102, Where "x" is the amount invested in research (in millions) and "Y" is the spending on advertising (also in millions). a) Find the benefits when and when x = 10, y = 8 and when x = 12, y = 10. b) Find the values of x, y that maximize profit, along with the corresponding profit x y

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

16th edition

1259307417, 978-1260153132, 1260153134, 978-1259307416

Students also viewed these Economics questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago