A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 80x + 110y - 3x² – 2y² - xy Find the marginal revenue equations Rz(x, y) = Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): X = y = Question Help: Video
A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first model made, and let y represent the number (in millions) of the second model made. The company's revenue can be modeled by the equation R(x, y) = 80x + 110y - 3x² – 2y² - xy Find the marginal revenue equations Rz(x, y) = Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue. Revenue will be maximized when (Please show your answers to at least 4 decimal places): X = y = Question Help: Video
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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![A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first
model made, and let y represent the number (in millions) of the second model made.
The company's revenue can be modeled by the equation
R(x, y) = 80x + 110y - 3x² – 2y² - xy
Find the marginal revenue equations
Rz(x, y) =
Ry(x, y) =
We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and
Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue.
Revenue will be maximized when (Please show your answers to at least 4 decimal places):
X =
y =
Question Help:
Video](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb319929-1214-494d-802e-92d9fd9e0ca3%2Fe9c4ecb9-59b8-4d3e-8428-08adc370062a%2F4xr4wki_processed.png&w=3840&q=75)
Transcribed Image Text:A company manufactures 2 models of MP3 players. Let x represent the number (in millions) of the first
model made, and let y represent the number (in millions) of the second model made.
The company's revenue can be modeled by the equation
R(x, y) = 80x + 110y - 3x² – 2y² - xy
Find the marginal revenue equations
Rz(x, y) =
Ry(x, y) =
We can acheive maximum revenue when both partial derivatives are equal to zero. Set R₂ = 0 and
Ry = 0 and solve as a system of equations to the find the production levels that will maximize revenue.
Revenue will be maximized when (Please show your answers to at least 4 decimal places):
X =
y =
Question Help:
Video
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