23. Maximizing total sales. Total sales, S, of Cre-Tech are given by S(L, M) = ML – L², where M is the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint M + L = 90.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
icon
Related questions
Question
23. Maximizing total sales. Total sales, S, of Cre-Tech are
given by
S(L, M) = ML – L²,
where M is the cost of materials and L is the cost of
labor. Find the maximum value of this function subject
to the budget constraint
M + L = 90.
Transcribed Image Text:23. Maximizing total sales. Total sales, S, of Cre-Tech are given by S(L, M) = ML – L², where M is the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint M + L = 90.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage