6. Write the function that models the situation below:
A company produces two types of products: A and B - Leaving Cert Home Economics - Question 6 - 2016
Question 6
6. Write the function that models the situation below:
A company produces two types of products: A and B. The profit from producing product A is represented by the ... show full transcript
Worked Solution & Example Answer:6. Write the function that models the situation below:
A company produces two types of products: A and B - Leaving Cert Home Economics - Question 6 - 2016
Step 1
Write the profit function for products A and B
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Answer
The total profit function, P(x,y), for the company can be expressed as the sum of the profits from both products:
P(x,y)=PA(x)+PB(y)=5x+3y
Step 2
Determine specific profit values
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Answer
To find the total profit from producing specific quantities of products A and B, substitute the values of x and y into the profit function. For example, if the company produces 10 units of product A and 15 units of product B:
P(10,15)=5(10)+3(15)=50+45=95
Thus, the company's profit would be $95.
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