A company produces two types of solar panels, A and B, that sell for $5million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x -3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits. (Note: Profit (revenue) - (cost)) The company will achieve a maximum profit by selling solar panels of type A and selling solar panels of type B.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A company produces two types of solar panels, A and B, that sell for $5 million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits.
[Note: Profit = (revenue) – (cost).]
The company will achieve a maximum profit by selling
solar panels of type A and selling
solar panels of type B.
Transcribed Image Text:A company produces two types of solar panels, A and B, that sell for $5 million and $4 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 3xy + 6y + 16x - 65y - 5. Find the values of x and y that maximize the company's profits. [Note: Profit = (revenue) – (cost).] The company will achieve a maximum profit by selling solar panels of type A and selling solar panels of type B.
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