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A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 90x+70y - 4x² - 3y² - xy Find the marginal revenue equations R₂(x,y)= Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): X = y =

A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 90x+70y - 4x² - 3y² - xy Find the marginal revenue equations R₂(x,y)= Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): X = y =

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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Question 5 X = A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 90x + 70y - 4x² - 3y² - xy Find the marginal revenue equations R₂(x,y) = y = • Use partial derivatives to locate critical points for a function of two variables. Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): < Question Help: Video Q Search wi EA H
Transcribed Image Text:Question 5 X = A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 90x + 70y - 4x² - 3y² - xy Find the marginal revenue equations R₂(x,y) = y = • Use partial derivatives to locate critical points for a function of two variables. Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): < Question Help: Video Q Search wi EA H
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