Concept explainers
In Exercises 15-22, assume that
Maximizing profit. Safe Shades produces two kinds of sunglasses; one kind sells for $17, and the other for $21.The total revenue in thousands of dollars from the sale of x thousand sunglasses at $17 each and y thousand at $21 each is given by
The company determines that the total cost, in thousands of dollars, of producing x thousand of the $17 sunglasses and y thousand of the $21 sunglasses is given by
How many of each type of sunglasses must be produced and sold to maximize profit?
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