The total profit function for National Grid Power Corporation is given by the equation =...

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The total profit function for National Grid Power Corporation is given by the equation π = −a+bQ₁ +cQ₂-dQ² - eQ-fQ1Q2 Where Q1 is the total quantity of crude oil, and Q2 is the total quantity of gasoline needed to produce electricity. However, there is a cash shortage and the company only has 200 million for purchasing raw materials. The price of crude is 20 and the price of gasoline is 40. Find the optimum amount of gasoline bought. Use a = -44, b = 95, c = 39, d = 44, e = 45, f = 8 for your calculations. The total profit function for National Grid Power Corporation is given by the equation π = −a+bQ₁ +cQ₂-dQ² - eQ-fQ1Q2 Where Q1 is the total quantity of crude oil, and Q2 is the total quantity of gasoline needed to produce electricity. However, there is a cash shortage and the company only has 200 million for purchasing raw materials. The price of crude is 20 and the price of gasoline is 40. Find the optimum amount of gasoline bought. Use a = -44, b = 95, c = 39, d = 44, e = 45, f = 8 for your calculations.

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SOLUTION To find the optimum amount of gasoline bought we need to maximize the profit function s... View the full answer