firm produces two kinds of golf balls, one that sells for $3 and one priced at $2. The total revenue, in thousands of dollars, from the sale of x thousand balls at $3 each and y thousand at $2 each is given by R(x, y) = 3x + 2y. The company determines that the total cost, in thousands of dollars, of producing x thousands of the $3 ball and y thousands of the $2 ball is given by C(x, y) = 2x 2 − 2xy+ y 2 − 9x + 6y + 7. How many balls of each type must be produced and sold in order to maximize the profit?
firm produces two kinds of golf balls, one that sells for $3 and one priced at $2. The total revenue, in thousands of dollars, from the sale of x thousand balls at $3 each and y thousand at $2 each is given by R(x, y) = 3x + 2y. The company determines that the total cost, in thousands of dollars, of producing x thousands of the $3 ball and y thousands of the $2 ball is given by C(x, y) = 2x 2 − 2xy+ y 2 − 9x + 6y + 7. How many balls of each type must be produced and sold in order to maximize the profit?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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A firm produces two kinds of golf balls, one that sells for $3 and one priced at $2. The total
revenue, in thousands of dollars, from the sale of x thousand balls at $3 each and y thousand at
$2 each is given by R(x, y) = 3x + 2y. The company determines that the total cost, in thousands
of dollars, of producing x thousands of the $3 ball and y thousands of the $2 ball is given by
C(x, y) = 2x
2 − 2xy+ y
2 − 9x + 6y + 7. How many balls of each type must be produced and
sold in order to maximize the profit?
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