A company manufactures and sells two products, I and II, that sell for $10 and $9 per
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A company manufactures and sells two products, I and II, that sell for $10 and $9 per unit, respectively. The cost of producing x units of product I and y units of product II is 400 + 2x + 3y + .01(3x2 + xy + 3y2). Find the values of x and y that maximize the company’s profits. Profit = (revenue) - (cost).
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The revenue is 10x 9y so the profit function is Thus profit is maximized by ...View the full answer
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Sultan Ghulam Dastgir
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Related Book For 
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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