### Maximizing Profit from the Sale of Kisses and Kreams#### Problem StatementSuppose that the profit from the sale of Kisses and Kreams is given by the following profit function, where $ x $ is the number of pounds of Kisses and $ y $ is the number of pounds of Kreams.\[ P(x, y) = 10x + 6.6y - 0.001x^2 - 0.025y^2 \]You know from previous experience that, for such a profit function, profit will be maximized at the critical point of $ P(x, y) $.#### Questions to Answer**(a)** Determine the amounts of Kisses and Kreams that will maximize profit.- ______ pounds of Kisses- ______ pounds of Kreams**(b)** What is the maximum profit? (Round your answer to two decimal places.)- $______

Profit function is given as :- P(x,y) = 10x + 6.6y - 0.001x2 - 0.025y2

Suppose that the profit from the sale of Kisses and Kreams is given by the following, where x is the number of pounds of Kisses and y is the number of pounds of Kreams. P(x, y) = 10x + 6.6y-0.001x²0.025y² dollars You know from previous experience that, for such a profit function, profit will be maximized at the critical point of P(x,y). (a) Determine the amounts of Kisses and Kreams that will maximize profit. pounds of Kisses pounds of Kreams (b) What is the maximum profit? (Round your answer to two decimal places.) $

Suppose that the profit from the sale of Kisses and Kreams is given by the following, where x is the number of pounds of Kisses and y is the number of pounds of Kreams. P(x, y) = 10x + 6.6y-0.001x²0.025y² dollars You know from previous experience that, for such a profit function, profit will be maximized at the critical point of P(x,y). (a) Determine the amounts of Kisses and Kreams that will maximize profit. pounds of Kisses pounds of Kreams (b) What is the maximum profit? (Round your answer to two decimal places.) $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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