Unformatted text preview: territory 2 sells for $9 and incurs $4 in shipping and production costs. A total of $100 is available for promotion. Use a Lagrange Multiplier solution to determine how the beer company can maximize profits. If an extra dollar could be spent on promotion by approximately how much would profits increase? MIE376 - Mathematical Programming 13...
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This note was uploaded on 07/10/2011 for the course MIE 376 taught by Professor Daniel during the Spring '11 term at University of Toronto.
- Spring '11