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Question: MAXIMIZING PROFIT The total daily revenue (in dollars) that Weston Publishing realizes in publishing and selling its English-language dictionaries is given by
R(x, y) = -0.005x2 - 0.003y2 - 0.002xy + 20x + 15y
Where x denotes the number of deluxe copies and y denotes the number of standard copies published and sold daily. The total daily cost of publishing these dictionaries is given by
C(x, y) = 6x + 3y + 200
Dollars. Determine how many deluxe copies and how many standard copies Weston should publish each day to maximize its profits. What is the maximum profit realizable?
Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.)16%compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as1.3%per month.
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