Math Problem Statement

A company manufactures two types of athletic shoes, jogging shoes, and cross trainers. The total revenue from x units of jogging shoes and y units of cross trainers is given by the equation: R(x, y) = -4x^2 - 8y^2 - 2xy + 44x + 104y. Find the values of x and y to maximize the total revenue.

Solution

The problem you uploaded asks to maximize the total revenue R(x,y)R(x, y), where the revenue function is given as:

R(x,y)=4x28y22xy+44x+104yR(x, y) = -4x^2 - 8y^2 - 2xy + 44x + 104y

where xx represents the number of jogging shoes (in thousands) and yy represents the number of cross trainers (in thousands).

Steps to Maximize the Revenue:

  1. Find the partial derivatives of R(x,y)R(x, y) with respect to xx and yy:

    • Rx=RxR_x = \frac{\partial R}{\partial x}
    • Ry=RyR_y = \frac{\partial R}{\partial y}
  2. Set the partial derivatives equal to zero to find the critical points:

    • Solve Rx=0R_x = 0
    • Solve Ry=0R_y = 0
  3. Solve the system of equations from the partial derivatives to find the values of xx and yy that maximize the revenue.

Let me compute the partial derivatives and solve for the critical points.The values of xx and yy that maximize the total revenue are:

(x,y)=(4,6)(x, y) = (4, 6)

This means the company should produce 4,000 units of jogging shoes and 6,000 units of cross trainers to maximize their revenue.

Would you like more details on the process or have any questions?

Here are 5 related questions you might find interesting:

  1. How does the second derivative test confirm that this is a maximum?
  2. What happens to revenue if the company produces fewer than 4,000 jogging shoes?
  3. What is the total maximum revenue achieved at these values?
  4. Can we solve this problem using a different method, such as Lagrange multipliers?
  5. What if the company wanted to minimize the cost instead of maximizing revenue?

Tip: When solving optimization problems, always check whether the critical points yield a maximum or minimum by using second derivative tests or boundary analysis.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Partial Derivatives
Optimization
Quadratic Functions

Formulas

R(x, y) = -4x^2 - 8y^2 - 2xy + 44x + 104y
Partial derivative equations for R_x and R_y

Theorems

Maximization using first-order conditions
System of Equations for Critical Points

Suitable Grade Level

Grades 11-12