A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the year are given as follows. R(x,y) = 5x + 7y C(x,y)=x² - 4xy + 7y² +21x-61-4 Determine how many of each type of solar panel should be produced per year to maximize profit. The company will achieve a maximum profit by selling The maximum profit is $ million. solar panels of type A and selling solar panels of type B.
A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the year are given as follows. R(x,y) = 5x + 7y C(x,y)=x² - 4xy + 7y² +21x-61-4 Determine how many of each type of solar panel should be produced per year to maximize profit. The company will achieve a maximum profit by selling The maximum profit is $ million. solar panels of type A and selling solar panels of type B.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.CR: Chapter Review
Problem 70E: A company manufactures two fertilizers, x and y. Each 50-pound bag of fertilizer requires three...
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Transcribed Image Text:A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the
year are given as follows.
R(x,y) = 5x + 7y
C(x,y) = x2 - 4xy +7y² + 21x-61y-4
Determine how many of each type of solar panel should be produced per year to maximize profit.
The company will achieve a maximum profit by selling solar panels of type A and selling
solar panels of type B.
The maximum profit is $
million.
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