Problem

Suppose that you are in charge of manufacturing two types of television sets. The revenu...

Suppose that you are in charge of manufacturing two types of television sets. The revenue function, in dollars, is given by

R(x,y) = 8x + 6y x2 − 2y2 + 2xy,

where x denotes the quantity of model X sets sold, and y the quantity of model Y sets sold, both in units of 100. Determine the quantity of each type of set that you should produce in order to maximize the resulting revenue.

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