Question:
The total sales, S, of a one-product firm are given by
Last updated: 8/10/2022
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The total sales, S, of a one-product firm are given by S(L,M) = ML - L², where M is the cost of materials and L is the cost of labor. Find the maximum value of this function subject to the budget constraint shown below. M + L = 105 The maximum value of the sales is $____. (Round to the nearest cent as needed.)