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.
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
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