Home /
Expert Answers /
Advanced Math /
a-one-product-company-finds-that-its-profit-mathrm-p-in-millions-of-dollars-is-given-by-pa385
(Solved): A one-product company finds that its profit, \( \mathrm{P} \), in millions of dollars, is given by ...
A one-product company finds that its profit, \( \mathrm{P} \), in millions of dollars, is given by the following equation where \( \mathrm{a} \) is the amount spent on advertising, in millions of dollars, and \( p \) is the price charged per item of the product, in dollars. \[ P(a, p)=2 a p+80 p-15 p^{2}-\frac{1}{10} a^{2} p-90 \] Find the maximum value of \( P \) and the values of \( a \) and \( p \) at which it is attained. The maximum value of \( \mathrm{P} \) is attained when a is \( \mathrm{S} \quad \) million and \( \mathrm{p} \) is \( \$ \)