A one product company finds that its profit, P, in millions of dollars, is given by...

Transcribed Image Text:

A one product company finds that its profit, P, in millions of dollars, is given by the following equation where x is the amount spent on advertising, in m 1 P(xy) =ay + 5ly sy - x 80 y- 10 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at P- The maximumn profit of 5 is attained when $is spent on advertising and the company charges $ per item of the product A one product company finds that its profit, P, in millions of dollars, is given by the following equation where x is the amount spent on advertising, in m 1 P(xy) =ay + 5ly sy - x 80 y- 10 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at P- The maximumn profit of 5 is attained when $is spent on advertising and the company charges $ per item of the product

Answer rating: 100% (QA)

C Rx 6005x Profit Px Rxx 27 Px Now dp cx Now x 5x10 602054... View the full answer