Question

An electronic company’s profit from selling x thousands of one product and y thousands of another...

An electronic company’s profit from selling x thousands of one product and y thousands of another is given by the formula in units of thousands of dollars:

P(x,y)=−2x2 +5xy−4y2 +7x+7y+200.
• Show that the profit P is maximized only at the point (x, y) = (13, 9) and determine the maximum profit.

• Using an appropriate differential determine approximately the profit lost if x is only 12.7 and y only 8.6.

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The total profit Upper P(x) ​(in thousands of​ dollars) from the sale of x hundred thousand...
The total profit Upper P(x) ​(in thousands of​ dollars) from the sale of x hundred thousand pillows is approximated by: P(x) = -x^3 + 9x^2 + 165x - 200 , x ≥ 5 Find the number of hundred thousands of pillows that must be sold to maximize profit. Find the maximum profit.
The weekly demand function for x units of a product sold by only one firm is...
The weekly demand function for x units of a product sold by only one firm is p = 300 − 1 2 x dollars, and the average cost of production and sale is C = 200 + 2x dollars. (a) Find the quantity that will maximize profit. units (b) Find the selling price at this optimal quantity. $  per unit (c) What is the maximum profit?
1. Suppose the equation p(x,y)=-2x^2+80x-3y^2+90+100 models profit when x represents the number of handmade chairs and...
1. Suppose the equation p(x,y)=-2x^2+80x-3y^2+90+100 models profit when x represents the number of handmade chairs and y is the number of handmade rockers produced per week. (1) How many chairs and how many rockers will give the maximum profit when there is not constraint? (2) Due to an insufficient labor force they can only make a total of 20 chairs and rockers per week (x + y = 20). So how many chairs and how many rockers will give the...
1. For a pair of sample x- and y-values, what is the difference between the observed...
1. For a pair of sample x- and y-values, what is the difference between the observed value of y and the predicted value of y? a) An outlier b) The explanatory variable c) A residual d) The response variable 2. Which of the following statements is false: a) The correlation coefficient is unitless. b) A correlation coefficient of 0.62 suggests a stronger correlation than a correlation coefficient of -0.82. c) The correlation coefficient, r, is always between -1 and 1....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT