Question

Suppose a liquor store sells beer for a net profit of $1 per unit and wine for a net profit of $2 per unit. Let x equal the amount of beer sold and y equal the amount of wine sold. An algebraic formulation of the profit function is:_______
a. max(2x + y)
b. min(2x + y)
c. max(x + 2y)
d. min(x + 2y)

Answer 1

Answer:

The correct optiion is C

Step-by-step explanation:

Beer =$1 and amount sold is x

so $1×x= $x which is the profit on beer

Wine=$2 and amount sold is y

so, $2×y= $2y which is the profit on wine

so an algebraic formulation of the profit function will be,

the sum off both the profit of the beer and wine which is

x+2y= max(x+2y)