Find the optimal value of the function f(x,y)=3.5x^2+y^2-42x-28y+5xy+190 subject to 6x+5y=
Question: A company is considering selling a new line of widgets at a special promotional price of $49. If the cost of setting up the manufacturing process is $2500 and each widget costs $32.25 to produce, how many should the company sell in order to realize a profit of at least $7000. If the cost of manufacturing increases by $2.75 per unit, how many more widgets must be sold at the original price to obtain the same profit?
Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document
Deliverables: Word Document
