Find the Maximum Value of P, Where P = 100x

question 96

Essay

Find the maximum value of P, where P = 100x + 10y subject to the constraints:
x  0; y  0 ; 2x + 5y  20; 2x + y  12

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Definitions:

Put Option

A financial agreement that allows the owner to sell a predetermined quantity of a fundamental asset at an agreed-upon price during a certain period, without being obligated to do so.

Exercise Price

The price at which the holder of an option can buy (call) or sell (put) the underlying asset or security, as specified in the option contract.

Warrants

Financial instruments that give the holder the right to buy the underlying stock of the issuing company at a specified price before a specified date.

Lenders

Individuals, institutions, or entities that provide funds to borrowers under the condition of repayment with interest within a specified timeframe.