Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Hi,, Until now didn\'t get the correct answer for both of these, Please help Q1)

ID: 2847845 • Letter: H

Question

Hi,,


Until now didn't get the correct answer for both of these, Please help


Q1) A manufacturer is planning to sell a new product at the price of $230 per unit and estimates that if x thousand dollars is spent on development and y thousand dollars is spent on promotion, consumers will buy approximately [(350y)/(y+2)] + [(50x)/(x+3)] units of the product. If manufacturing costs $130 per unit, how much should the manufacturer spend on development and how much on promotion to generate the largest possible profit from the sale of this product?


Promotion: $

Development: $

Explanation / Answer

The profit will be maximum when y/(y+2) = x/(x+3)

then 3y = 2x

and x + y = 130 solve the 2 equations

so x = $78 and y = $52

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote