A company manufactures 2 models of MP3 players Let x represent the number in millions of the first model made and let y

Question

A company manufactures 2 models of MP3 players Let x represent the number in millions of the first model made and let y represent the number in millions of the second model made The company s revenue can be modeled by the equation R x y 120x 50y 4x 3y xy Find the marginal revenue equations R x y 120 2 4x y 08 Ry x y 50 3 2 y x We can acheive maximum revenue when both partial derivatives are equal to zero Set R 0 and Ry 0 and solve as a system of equations to the find the production levels that will maximize revenue Revenue will be maximized when X OF

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