Multivariable functions

Example 1:
A company produces two kinds of bicycles, a road model and a mountain model. Let’s
suppose that x = number of units of road model produced and y = number of units of
mountain model produced. The cost function would be a function that would depend on
both variables:
C(x, y) = 2, 000 + 40x + 50y − 0.1xy
a) Find and interpret C(5, 12).
b) What would be the cost of producing 30 of each of the two bikes?
c) What would be the cost of producing 30 units of the road model and 10 units of the
mountain model?
d) If the number of mountain model bikes produced is fixed at 10, then what is the cost of
producing x road bikes?

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 Partial derivatives

Theory:

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Example 1:
Find critical point/s and local maximum or minimum for the function:
f(x, y) = 3x² + 2y² − 3x

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Example 1 (graph):

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Example 2:
Find critical point/s and local maximum or minimum for the function:
f(x, y) = x² - y²

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Example 2 (graph):

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Example 3:
A firm produces two types of earphones per year: x thousand of type A and y thousand of
type B. If the revenue and cost equations for the year are (in millions of dollars):

R(x, y) = 2x + 3y
C(x, y) = x² - 2xy + 2y² + 6x - 9y + 5

a) Determine how many of each type of earphone should be produced per year to
maximize profit.
b) What is the maximum profit?