A company produces two products in the amount x andy and the respective prices Px and Px. The two prices are given to be Px=48-x-y Py = 60-x-2y If the unit cost of producing the first product is 8 and that of producing the second is 4, what are the production levels x and y that maximize profit? Prove that profit is indeed maximized.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A company produces two products in the amount x andy and the respective prices
Px and Px. The two prices are given to be
Px = 48-x-y
Py = 60 - x - 2y
If the unit cost of producing the first product is 8 and that of producing the second
is 4, what are the production levels x and y that maximize profit? Prove that profit
is indeed maximized.
Transcribed Image Text:A company produces two products in the amount x andy and the respective prices Px and Px. The two prices are given to be Px = 48-x-y Py = 60 - x - 2y If the unit cost of producing the first product is 8 and that of producing the second is 4, what are the production levels x and y that maximize profit? Prove that profit is indeed maximized.
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