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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

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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)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+3yP(x, y) = P_A(x) + P_B(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 xx and yy 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=95P(10, 15) = 5(10) + 3(15) = 50 + 45 = 95

Thus, the company's profit would be $95.

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