1. **Problem statement:** A potter makes $x$ oval pots and $y$ bowl-shaped pots daily.
2. **Given:**
- Cost per oval pot: $x + 20$
- Cost per bowl pot: $2y$
- Selling price per oval pot: 140
- Selling price per bowl pot: 160
3. **Goal:** Maximize profit by choosing $x$ and $y$.
4. **Profit function:**
$$\text{Profit} = \text{Revenue} - \text{Cost} = (140x + 160y) - (x(x+20) + y(2y))$$
5. **Simplify cost:**
$$x(x+20) = x^2 + 20x$$
$$y(2y) = 2y^2$$
6. **Profit function becomes:**
$$P(x,y) = 140x + 160y - (x^2 + 20x + 2y^2) = -x^2 + 120x - 2y^2 + 160y$$
7. **Find critical points by setting partial derivatives to zero:**
$$\frac{\partial P}{\partial x} = -2x + 120 = 0 \implies 2x = 120 \implies x = 60$$
$$\frac{\partial P}{\partial y} = -4y + 160 = 0 \implies 4y = 160 \implies y = 40$$
8. **Check second derivatives for maximum:**
$$\frac{\partial^2 P}{\partial x^2} = -2 < 0$$
$$\frac{\partial^2 P}{\partial y^2} = -4 < 0$$
Both negative, so critical point is a maximum.
9. **Answer:**
- Oval pots $x = 60$
- Bowl pots $y = 40$
Profit Maximization 38D201
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