Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company manufactures running shoes and basketball shoes. The total revenue (in thousands of dollars) from x 1 units of running shoes and x 2
A company manufactures running shoes and basketball shoes. The total revenue (in thousands of dollars) from x1 units of running shoes and x2 units of basketball shoes is
R = 5x12 8x22 2x1x2 + 34x1 + 116x2,
where x1 and x2 are in thousands of units. Find x1 and x2 so as to maximize the revenue.
x_1= _________
x_2= _______
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started