Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 [It] marks]: The manager of a fashion manufacturing company estimates that the company's annual sales (in millions of Ringgit Malaysia] can be modelled

image text in transcribed
image text in transcribed
Question 1 [It] marks]: The manager of a fashion manufacturing company estimates that the company's annual sales (in millions of Ringgit Malaysia] can be modelled by the function h e' L so. v. :} = xz (s. 155}? + stay")? I.- if RM x thousand is dedicated to design and development expenses1 RM y thousand is spent on marketing and advertising1 and 3 million workerhours are employed each year. This year. the manager proposed allocating budgets of RM 3, for the design team, RM ESJJDD for the marketing department, and engaging [5.000.993 worker hours. {a} Compute the first partial derivatives of 3(1. =, s} using the current values of I, y, and 3, and give your answers correct to 3 decimal places. Then, interpret the results in this context. {5 marks} {b} The manager of the company decides to employ a fixed amount of l worker hours this year but suggests reconsidering the budget allocation to the design team and the marketing department. Use total differential to discuss how will the changes in the budget allocations affect the company's annual sales. {5 marks}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Contemporary Precalculus A Graphing Approach

Authors: Thomas W Hungerford, Carol C Kanar, Douglas J Shaw

5th Edition

1111798508, 9781111798505

More Books

Students also viewed these Mathematics questions

Question

How would you respond to each of the girls?

Answered: 1 week ago