Profit Functions The monthly profit (in dollars) of Bond and Barker Department Store depends on the level of inventory (

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Profit Functions The Monthly Profit In Dollars Of Bond And Barker Department Store Depends On The Level Of Inventory 1 (41.23 KiB) Viewed 28 times

Profit Functions The monthly profit (in dollars) of Bond and Barker Department Store depends on the level of inventory (in thousands of dollars) and the floor space y (in thousands of square feet) available for display of the merchandise, as given by the equation. P(x, y) = -0.02x2 - 15y2 + xy + 29x + 35y – 20,000 ap ap Compute and when x = 4000 and y = 150. ay ap (4000, 150) = ax ap (4000, 150) ду Interpret your results. ap ax ay ap (4000, 150) tells us that monthly profit increases by $ per thousand dollars increase in inventory. With the same inventory and floor space as above, (4000, 150) tells us that monthly profit decreases by $ OP per thousand-square- foot increase in floor space. ap Compute and When x = 5000 and y = 150 ay OP (5000, 150) - ах ap (5000, 150) = ay Interpret your results (5000, 150) tells us that monthly profit decreases by $ per thousand dollars increase in inventory. With the same ap inventory and floor space as above, a (5000, 150) tells us that monthly profit increases by $ per thousand-square- ay foot increase in floor space. ap ax Need Help? Read It Watch it