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Determine the profit functions

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Reference no: EM131637756

Question: PROFIT FUNCTIONS The monthly profit (in dollars) of Bond and Barker Department Store depends on the level of inventory x (in thousands of dollars) and the floor space y (in thousands of square feet) available for display of the merchandise, as given by the equation

P(x, y) = -0.02x2 - 15y2 + xy + 39x + 25y - 20,000

Compute ∂P/∂x and ∂P/∂y when x = 4000 and y = 150. Interpret your results. Repeat with x = 5000 and y = 150.

Reference no: EM131637756

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