A store is deciding what types of fruit to stock nearest to the registers. They can either stock lemons and limes or kiwis and peaches. If they stock lemons and limes, the store has determined that their hourly revenue in dollars will be f (x, y) = -2x2 - y2 + 2xy + x + 59, 4 where x is the price of a lemon and y is the price of a lime. If they stock kiwis and peaches, the store has determined that their hourly revenue in dollars will be g(s,t) = −s2 −3t2 +3st+s+13, where s is the price of kiwi and t is the price of a peach. Which types of fruit should they stock so as to maximize their potential revenue?

A store is deciding what types of fruit to stock nearest to the registers. They can either stock lemons and limes or kiwis and peaches. If they stock lemons and limes, the store has determined that their hourly revenue in dollars will be f (x, y) = -2x2 - y2 + 2xy + x + 59, 4 where x is the price of a lemon and y is the price of a lime. If they stock kiwis and peaches, the store has determined that their hourly revenue in dollars will be g(s,t) = −s2 −3t2 +3st+s+13, where s is the price of kiwi and t is the price of a peach. Which types of fruit should they stock so as to maximize their potential revenue?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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Similar questions

A company that makes and sells baseball caps has found that the total monthly cost C in dollars of producing x caps is given by the function C(x)=0.2x280x+9000. Find the production level that will minimize the monthly cost and find the minimum cost.

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