Question 751149: Company ABC’s profit is determined by the following equation: P = 30x + 40y, where x and y are sales of particular products and P is in thousands of dollars. It was determined that maximum and minimum profit values occur when sales occur in the following ordered pairs: (2,6), (6,4) and (-1,-3). At which pair is the maximum profit and at which pair is the minimum – state the profit.
Answer by tommyt3rd(5050)   (Show Source):
You can put this solution on YOUR website!
P = 30x + 40y
P(2,6)=30(2)+40(6)= 300
P(6,4)=30(6)+40(4)= 340
P(-1,-3)=30(-1)+40(-3)=-150
Max profit was at (6,4) and was $304,000
Min profit was at (-1,-3) and was a loss of $150,000
:)
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