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A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of...
A company produces two types of solar panels per year: x thousand of type A and y thousand of type B. The revenue and cost equations, in millions of dollars, for the year are given as follows.
R(x,y)=5x+7y
C(x,y)=x^2-4xy+8y^2+15x-45y-9
Determine how many of each type of solar panel should be produced per year to maximize profit.
The company will achieve a maximum profit by selling _______solar panels of type A and selling ________ solar panels of type B.
What is the maximum profit?