An automobile manufacturer sells cars in America, Europe, and Asia, charging a different price in each of the three markets. The price function for cars sold in America is p = 24 − 0.2x (for 0 ≤ x ≤ 120), the price function for cars sold in Europe is q = 14 − 0.1y (for 0 ≤ y ≤ 140), and the price function for cars sold in Asia is r = 19 − 0.1z (for 0 ≤ z ≤ 190), all in thousands of dollars, where x, y, and z are the numbers of cars sold in America, Europe, and Asia, respectively. The company's cost function is C = 27 + 4(x + y + z) thousand dollars. (a) Find the company's profit function P(x, y, z). [Hint: The profit will be revenue from America plus revenue from Europe plus revenue from Asia minus costs, where each revenue is price times quantity.] P(x, y, z) =
An automobile manufacturer sells cars in America, Europe, and Asia, charging a different price in each of the three markets. The price function for cars sold in America is p = 24 − 0.2x (for 0 ≤ x ≤ 120), the price function for cars sold in Europe is q = 14 − 0.1y (for 0 ≤ y ≤ 140), and the price function for cars sold in Asia is r = 19 − 0.1z (for 0 ≤ z ≤ 190), all in thousands of dollars, where x, y, and z are the numbers of cars sold in America, Europe, and Asia, respectively. The company's cost function is C = 27 + 4(x + y + z) thousand dollars. (a) Find the company's profit function P(x, y, z). [Hint: The profit will be revenue from America plus revenue from Europe plus revenue from Asia minus costs, where each revenue is price times quantity.] P(x, y, z) =
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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An automobile manufacturer sells cars in America, Europe, and Asia, charging a different price in each of the three markets. The price function for cars sold in America is p = 24 − 0.2x (for 0 ≤ x ≤ 120), the price function for cars sold in Europe is q = 14 − 0.1y (for 0 ≤ y ≤ 140), and the price function for cars sold in Asia is r = 19 − 0.1z (for 0 ≤ z ≤ 190), all in thousands of dollars, where x, y, and z are the numbers of cars sold in America, Europe, and Asia, respectively. The company's cost function is
C = 27 + 4(x + y + z) thousand dollars.
(a)
Find the company's profit function
P(x, y, z).
[Hint: The profit will be revenue from America plus revenue from Europe plus revenue from Asia minus costs, where each revenue is price times quantity.]P(x, y, z) =
(b)
Find how many cars should be sold in each market to maximize profit. [Hint: Set the three partials Px, Py, and Pz equal to zero and solve. Assuming that the maximum exists, it must occur at this point.]
America=
Europe=
Asia=
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