Use the lagrange multiplier method to show how the company


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

Solution Preview :

Prepared by a verified Expert
Mathematics: Use the lagrange multiplier method to show how the company
Reference No:- TGS02806910

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)