The Total Daily Profit (In Dollars) Realized by Weston Publishing

question 101

Multiple Choice

The total daily profit (in dollars) realized by Weston Publishing in publishing and selling its dictionaries is given by the profit function ​ ​
Where x stands for the number of deluxe editions and y denotes the number of standard editions sold daily. Weston's management decides that publication of these dictionaries should be restricted to a total of exactly 700 copies/day. How many deluxe copies and how many standard copies should be published each day to maximize Weston's daily profit?
​

• A) 450 deluxe copies, 330 standard copies
• B) 450 deluxe copies, 240 standard copies
• C) 480 deluxe copies, 330 standard copies
• D) 400 deluxe copies, 300 standard copies
• E) 480 deluxe copies, 300 standard copies

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Definitions:

Comparability

A financial accounting principle that allows the financial statements of multiple periods or companies to be comparable with each other.

Conservatism

An accounting principle that mandates recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only recognizing revenues and assets when they are assured of being received.

Patent Amortization Expense

The gradual expensing of the cost associated with a patent over its useful life, reflecting the consumption of the patent's value.

Infringement

The action of violating a law, agreement, or the rights of another, especially intellectual property rights.