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1. Suppose Delta Corp allocates $600,000 to spend on research and marketing. Delta Corp estimates that by spending $x on marketing and $y on research it will sell a total amount of (Q) (measured in $): 41 Q = 30x5y³ Using Lagrange multipliers calculate the optimum amount that Delta Corp should spend on marketing and research to maximise sales?

1. Suppose Delta Corp allocates $600,000 to spend on research and marketing. Delta Corp estimates that by spending $x on marketing and $y on research it will sell a total amount of (Q) (measured in $): 41 Q = 30x5y³ Using Lagrange multipliers calculate the optimum amount that Delta Corp should spend on marketing and research to maximise sales?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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1. Suppose Delta Corp allocates $600,000 to spend on research and marketing. Delta Corp estimates that by spending $x on marketing and $y on research it will sell a total amount of (Q) (measured in $): 41 Q = 30x5y³ Using Lagrange multipliers calculate the optimum amount that Delta Corp should spend on marketing and research to maximise sales?
Transcribed Image Text:1. Suppose Delta Corp allocates $600,000 to spend on research and marketing. Delta Corp estimates that by spending $x on marketing and $y on research it will sell a total amount of (Q) (measured in $): 41 Q = 30x5y³ Using Lagrange multipliers calculate the optimum amount that Delta Corp should spend on marketing and research to maximise sales?
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