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:

Risk-Averse Investors

Individuals who prefer to minimize their exposure to risk and are often willing to accept lower returns in exchange for greater certainty.

Risk-Neutral Investors

Investors who are indifferent to the risk of their investments, focusing solely on the expected returns without considering the variability of those returns.

Risk-Loving Investors

Individuals who prefer investments with a high level of risk in the hope of realizing higher returns compared to safer investments.

Rate of Return

The percentage of net gain or loss on an investment over a specified period, showing the efficiency of an investment.