A one-product company finds that its profit, P, in millions of dollars, is given by...
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A one-product company finds that its profit, P, in millions of dollars, is given by the following equation where a is the amount spent on advertising, in millions of dollars, and p is the price charged per item of the product, in dollars.P(a.p) = 4ap+120p-20p-(1/10)ap-120Find the maximum value of P and the values of a and p at which it is attained.The maximum value of P is attained when a is $ million and p is $The maximum value of P is $ million.
A one-product company finds that its profit, P, in millions of dollars, is given by the following equation where a is the amount spent on advertising, in millions of dollars, and p is the price charged per item of the product, in dollars.P(a.p) = 4ap+120p-20p-(1/10)ap-120Find the maximum value of P and the values of a and p at which it is attained.The maximum value of P is attained when a is $ million and p is $The maximum value of P is $ million.
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