Find the minimum cost of producing 50,000 units of a product, where x is the number of units of labor (at $36 per unit) and y is the number of units of capital (at $48 per unit). (Round your answer to two decimal places.) P(x, y) = 100x0.60.4 $

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter4: Rational Functions And Conics
Section4.2: Graphs Of Rational Functions
Problem 88E
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Find the minimum cost of producing 50,000 units of a product, where x is the number of units of labor (at $36 per unit) and y is the number of units of capital (at $48 per unit). (Round your answer to two decimal places.)
P(x, y) = 100x0.6 0.4
$
Transcribed Image Text:Find the minimum cost of producing 50,000 units of a product, where x is the number of units of labor (at $36 per unit) and y is the number of units of capital (at $48 per unit). (Round your answer to two decimal places.) P(x, y) = 100x0.6 0.4 $
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