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The total sales, S, of a one-product firm are given by S(L,M) = ML - L², where Mis the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint shown below. M+L= 95 The maximum value of the sales is $ (Round to the nearest cent as needed.)

The total sales, S, of a one-product firm are given by S(L,M) = ML - L², where Mis the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint shown below. M+L= 95 The maximum value of the sales is $ (Round to the nearest cent as needed.)

Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
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The total sales, S, of a one-product firm are given by S(L,M) = ML -L, where M is the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint shown below. M+L= 95 The maximum value of the sales is $ (Round to the nearest cent as needed.)
Transcribed Image Text:The total sales, S, of a one-product firm are given by S(L,M) = ML -L, where M is the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint shown below. M+L= 95 The maximum value of the sales is $ (Round to the nearest cent as needed.)
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