ππ(ππ, ππ) = 0.2ππ2β1.1ππ+ 12βππβ2.5ππ where P is the total profit ($) a is the amount of product a to produce (tons) b is the amount of product b to produce (tons) The coefficients in front of each term (i.e., 0.2, 1.1, 12 and 2.5) convert the terms into US dollars. Find the values of a and b that maximize C
You have been asked to perform an analysis to assist in deciding how much of two products to produce to maximize the profit. The total profit associated with producing a units of product a and b units product b is given as a single function that is given below: ππ(ππ, ππ) = 0.2ππ2β1.1ππ+ 12βππβ2.5ππ where … Read more