SOLUTION: Kindly Help !!
USA TWO (UT) processes and sells Tea and coffee products. UT’s revenue function is of the Form R = ax + by ( $ 000 ) , where X and Y are tons of Tea and Coffee pr
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-> SOLUTION: Kindly Help !!
USA TWO (UT) processes and sells Tea and coffee products. UT’s revenue function is of the Form R = ax + by ( $ 000 ) , where X and Y are tons of Tea and Coffee pr
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Question 63925: Kindly Help !!
USA TWO (UT) processes and sells Tea and coffee products. UT’s revenue function is of the Form R = ax + by ( $ 000 ) , where X and Y are tons of Tea and Coffee products sold . John, in an effort to establish the specific form of the revenue function obtained the following data.
John has also established that UT’s total cost function is specifically:
C = 10x^2 + 20 y^2 + 10xy
Determine the tones of each product that should be processed and sold to maximize profit and the maximum profit
You can put this solution on YOUR website! USA TWO (UT) processes and sells Tea and coffee products. UT’s revenue function is of the Form R = ax + by ( $ 000 ) , where X and Y are tons of Tea and Coffee products sold . John, in an effort to establish the specific form of the revenue function obtained the following data.
John has also established that UT’s total cost function is specifically:
C = 10x^2 + 20 y^2 + 10xy
Determine the tones of each product that should be processed and sold to maximize profit and the maximum profit
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Profit = Revenue - Cost
Profit = (ax+by)-(10x^2+20y^2+10xy)
Comment: To find the maximum of the profit you could take the derivative
of this Profit equation; then find its zeroes. But the derivative expression
will have two variables and you have not been provided additional information
which could lead to a conclusive answer to the question.
Cheers,
Stan H.
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