A company produces two types of solar panels, A and B, that sell for $5million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x -3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits. (Note: Profit (revenue) - (cost)) The company will achieve a maximum profit by selling solar panels of type A and selling solar panels of type B.
A company produces two types of solar panels, A and B, that sell for $5million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x -3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits. (Note: Profit (revenue) - (cost)) The company will achieve a maximum profit by selling solar panels of type A and selling solar panels of type B.
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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![A company produces two types of solar panels, A and B, that sell for $5 million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits.
[Note: Profit = (revenue) – (cost).]
The company will achieve a maximum profit by selling
solar panels of type A and selling
solar panels of type B.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06e5b72a-2f26-4603-b5c0-7037b02ca80a%2F8ac537cf-90ae-4cc4-83e4-61d12c274f2e%2Fcak29e9_processed.png&w=3840&q=75)
Transcribed Image Text:A company produces two types of solar panels, A and B, that sell for $5 million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits.
[Note: Profit = (revenue) – (cost).]
The company will achieve a maximum profit by selling
solar panels of type A and selling
solar panels of type B.
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