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How the company should allocate its budget to maximize sales

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Reference no: EM132012446

A company has a budget of $100,000 to spend on recording and promoting a new DVD.

The company estimates that if it spends x thousand euros on recording and y thousand euros on promotion, it will wall approximately 6yx^2/3 units of DVDs

a) Use the Lagrange multiplier method to show how the company should allocate its budget to maximize sales?

b) Estimate the maximum sales if the budget is

1: increased by $1000

2: decreased by $1000

Reference no: EM132012446

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