A company produces two types of solar panels, A and B, that sell for $4 million and $3 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x -2xy + 8y + 8x - 85y -6. 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

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 6EQ: Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of...
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A company produces two types of solar panels, A and B, that sell for $4 million and $3 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 2xy + 8y + 8x - 85y -6. Find the values of x and y that maximize the company's profits. [Note:
(revenue) - (cost).]
Profit =
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 $4 million and $3 million per thousand units, respectively. The cost of producing x thousand of type A and y thousand of type B is x - 2xy + 8y + 8x - 85y -6. Find the values of x and y that maximize the company's profits. [Note: (revenue) - (cost).] Profit = 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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