In: Math
A company produces toy favors for children's parties. Two of its most popular items around Halloween are pirate eye patches and skeleton key chains. The company accountant determines that the October profit resulting from the sale of p pirate eye patches and s skeleton key chains can be modeled as
T(p, s) = 980 − 0.25p2 + 120p + 0.25ps − 0.375s2 + 100s dollars.
(a) Calculate the number of eye patches and key chains the company should produce to maximize the October profit resulting from the sale of these two items.
eye patches | |
key chains |
(b) What is the maximum October profit from the sale of the eye
patches and key chains?