The total sales, S, of a one-product firm are given by S(L,M) = ML -...
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Calculus
The total sales, S, of a one-product firm are given by S(L,M) = ML - L, where M is the cost of materials and L is the cost of labor. Find the maximum value of thisfunction subject to the budget constraint shown below.M + L = 105The maximum value of the sales is $____.(Round to the nearest cent as needed.)
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