In this post, we continue with examples. We are going to solve a practical problem concerning nuts and bolts.
Problem
A profit function for a hardware manufacturer is given by:
Solution
Let's determine the domain of the function. This function is a polynomial function with two variables. For a profit to occur, we need to have f(x,y) ≥ 0. In other terms:
This is a disk of radius 4 centered at the point (3, 2) where x and y must be non-negative. When x = 3 and y = 2 f(x, y) = 16. Note that x and y can be non-integers. For example it is possible to sell 2.5 thousands nuts per month. The domain contains thousands of points. We can consider all points within the disk. For any z<16, we can solve the equation f(x,y) = z.
The second side of the last previous equation represents the square of the radius of the circle with center (3,2). Therefore this expression must be strictly superior to zero.: 16-z>0. Therefore z<16.
The range of f(x,y) is:
The graph of f(x,y) is a paraboloid pointed downward.
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