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A company produces two types of solar panels per year: x thousand of type A and...
A company produces two types of solar panels per year: x thousand of type A and...
A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the year are given as follows. R(x,y)=3x+5y C(x,y)=x^2− 4xy + 9y^2 + 7x - 43y - 9 Determine how many of each type of solar panel should be produced per year to maximize profit.
Sheet A company produces units of product and units of product (both in hundreds per month)....
Sheet A company produces units of product and units of product (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) - 4x2 + 4xy - 3y2 + 4x + 10y + 81 Find and evaluate . Use formulas to get an exact answer! Pxx.y) Px(1,3) What does this value mean? Answer in this textbox. Answer: What is the critical point of? What are the equations for, and ? o po...
Sheet A company produces units of product and units of product (both in hundreds per month)....
Sheet A company produces units of product and units of product (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) - 4x2 + 4xy - 3y2 + 4x + 10y + 81 Find and evaluate . Use formulas to get an exact answer! Pxx.y) Px(1,3) What does this value mean? Answer in this textbox. Answer: What is the critical point of? What are the equations for, and ? o po...
2. (40 points) A monopolistically competitive company assembles and installs solar panels it imports at $10...
2. (40 points) A monopolistically competitive company assembles and installs solar panels it imports at $10 per unit. All remaining costs of the company, denoted RC, is given by the following (as a function of per unit solar panel): RC(Q) = 1,000+5Q2 The demand faced by this company is given by Q-16.67-xP where P denotes the price, Q denotes the quantity and x is currently equal to 1/30. a) (10) points) What is the optimal production level, Q*, and what...
The company produces two types of goods in quantities of x and y, with market prices...
The company produces two types of goods in quantities of x and y, with market prices of 40$ and 80$ , respectively. If the production cost is given by function C(x, y) = 2.x2 + 5y2 + 120 and is not exceeding 250 $ what is the maximum profit obtained?
A company manufactures two products. The price function for product A is p = 19 − 1 2 x (for 0 ≤ x ≤ 38), and fo...
A company manufactures two
products. The price function for product A is
p = 19 −
1
2
x
(for 0 ≤ x ≤ 38),
and for product B is
q = 33 − y
(for 0 ≤ y ≤ 33),
both in thousands of dollars, where x and y
are the amounts of products A and B, respectively. If the cost
function is
C(x, y) = 11x + 17y − xy + 7
thousands of dollars, find the quantities...
A company produces x units of product A and y units of product B (both in...
A company produces x units of product A and y units of product B (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) = -4x^2 + 4xy - 3y^2 + 4x + 10y +81 Find P: (x,y) and evaluate P,(1,3). Use formulas to get an exact answer! Px(x,y) = Px(1,3) = What does this value mean? Answer in this textbox. Answer: What is the critical point of P(x,y)? What are...
A company manufactures two products. The price hnction for product A tr。-18-1 x both in thousands...
A company manufactures two products. The price hnction for product A tr。-18-1 x both in thousands of dollars, where x and y are the amounts of products A and fi, respectively. If the cost function is x,y)-12x+1By-xy+19 thousands of dollars, find the quantries and the prices of the two products that maximize profit product A quantity act A price product B quantity product B price thousand dollars thousand dollars Find the maximum profit thousand doliars View Previou Question Question 5...
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations...
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 40x and p(x)= 300 - 500SX S 9000. (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company 54 for each set it produces, how many sets should the company...
A one product company finds that its profit. P. in millions of dollars, is given by...
A one product company finds that its profit. P. in millions of dollars, is given by the following equation where x is the amount spent on advertising, in P(x,y)= 4xy +50y - 9y? 10 1 y-80 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at POD-1 The maximum profit of $is attained when is spent on advertising and the company charges per item...
Sheet A company produces units of product and units of product (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) - 4x2 + 4xy - 3y2 + 4x + 10y + 81 Find and evaluate . Use formulas to get an exact answer! Pxx.y) Px(1,3) What does this value mean? Answer in this textbox. Answer: What is the critical point of? What are the equations for, and ? o po...
Sheet A company produces units of product and units of product (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) - 4x2 + 4xy - 3y2 + 4x + 10y + 81 Find and evaluate . Use formulas to get an exact answer! Pxx.y) Px(1,3) What does this value mean? Answer in this textbox. Answer: What is the critical point of? What are the equations for, and ? o po...
2. (40 points) A monopolistically competitive company assembles and installs solar panels it imports at $10 per unit. All remaining costs of the company, denoted RC, is given by the following (as a function of per unit solar panel): RC(Q) = 1,000+5Q2 The demand faced by this company is given by Q-16.67-xP where P denotes the price, Q denotes the quantity and x is currently equal to 1/30. a) (10) points) What is the optimal production level, Q*, and what...
The company produces two types of goods in quantities of x and y, with market prices of 40$ and 80$ , respectively. If the production cost is given by function C(x, y) = 2.x2 + 5y2 + 120 and is not exceeding 250 $ what is the maximum profit obtained?
A company manufactures two
products. The price function for product A is
p = 19 −
1
2
x
(for 0 ≤ x ≤ 38),
and for product B is
q = 33 − y
(for 0 ≤ y ≤ 33),
both in thousands of dollars, where x and y
are the amounts of products A and B, respectively. If the cost
function is
C(x, y) = 11x + 17y − xy + 7
thousands of dollars, find the quantities...
A company produces x units of product A and y units of product B (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) = -4x^2 + 4xy - 3y^2 + 4x + 10y +81 Find P: (x,y) and evaluate P,(1,3). Use formulas to get an exact answer! Px(x,y) = Px(1,3) = What does this value mean? Answer in this textbox. Answer: What is the critical point of P(x,y)? What are...
A company manufactures two products. The price hnction for product A tr。-18-1 x both in thousands of dollars, where x and y are the amounts of products A and fi, respectively. If the cost function is x,y)-12x+1By-xy+19 thousands of dollars, find the quantries and the prices of the two products that maximize profit product A quantity act A price product B quantity product B price thousand dollars thousand dollars Find the maximum profit thousand doliars View Previou Question Question 5...
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72,000 + 40x and p(x)= 300 - 500SX S 9000. (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company 54 for each set it produces, how many sets should the company...
A one product company finds that its profit. P. in millions of dollars, is given by the following equation where x is the amount spent on advertising, in P(x,y)= 4xy +50y - 9y? 10 1 y-80 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at POD-1 The maximum profit of $is attained when is spent on advertising and the company charges per item...
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