Suppose a corporation manufactures candles at two locations. The cost of producing *1units at locatic C1= 0.08x1“+4x1+500and the cost of producing *2 units at location 2 is C2=0.02x2+4x2+350 candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the profit P = 12(x1+x2)-C1-C2.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
icon
Related questions
Question
NEED FULLY CORRECT HANDWRITTEN SOLUTION FOR THIS. ASAP!!!
4. Suppose a corporation manufactures candles at two locations. The cost of producing *1units at location 1 is
C1= 0.08x1+4x+500and the cost of producing *2units at location 2 is C2=0.02x2+4x2+350 The
candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the
profit P = 12(x1+x2)-C1-C2.
2
%3D
Transcribed Image Text:4. Suppose a corporation manufactures candles at two locations. The cost of producing *1units at location 1 is C1= 0.08x1+4x+500and the cost of producing *2units at location 2 is C2=0.02x2+4x2+350 The candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the profit P = 12(x1+x2)-C1-C2. 2 %3D
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage