A firm produces two types of earphones per year: x thousand of type A and y thousand

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A firm produces two types of earphones per year: x thousand of type A and y thousand of type B. If the revenue and cost equations for the year are (in millions of dollars)

R(x, y) = 2x + 3y

C(x, y) = x² - 2xy + 2y² + 6x - 9y + 5

determine how many of each type of earphone should be produced per year to maximize profit. What is the maximum profit?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Apr 28, 2022 11:30 PM

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A firm produces two types of earphones per year: x thousand of type A and y thousand

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Solution To maximize the profit of the firm we need to find the maximum revenue which will occu...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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