Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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13) Maximum Profit (optimizing functions with several variables): A company produces
and sells two styles of umbrellas. One style sells for $20 each and the other sells for $25
each. The company has determined that if x thousand of the first style and y thousands
of the second style are produces, then the total cost in thousands of dollars is given by
the function
3
C(x, y) = 3x² – 3xy +y² +32x– 29 y + 70
a. How many of each style of umbrella should the company produce and sell in order to
maximize profit?
b. What is the maximum profit?
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Transcribed Image Text:13) Maximum Profit (optimizing functions with several variables): A company produces and sells two styles of umbrellas. One style sells for $20 each and the other sells for $25 each. The company has determined that if x thousand of the first style and y thousands of the second style are produces, then the total cost in thousands of dollars is given by the function 3 C(x, y) = 3x² – 3xy +y² +32x– 29 y + 70 a. How many of each style of umbrella should the company produce and sell in order to maximize profit? b. What is the maximum profit?
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