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) = 170x + 70y – 4æ² – 3y? – xy Find the marginal revenue equations R_(1, y) = R(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R, = 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: x = y =

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
icon
Related questions
icon
Concept explainers
Question
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) = 170x + 70y – 4x² – 3y? – ay
Find the marginal revenue equations
R-(r, y) =
Ry(x, y) =
We can acheive maximum revenue when both partial derivatives are equal to zero. Set R, = 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:
X =
y =
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) = 170x + 70y – 4x² – 3y? – ay Find the marginal revenue equations R-(r, y) = Ry(x, y) = We can acheive maximum revenue when both partial derivatives are equal to zero. Set R, = 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: X = y =
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Integration
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage