7. You are a drug smuggler. Your profit depends on how many bales of marijuana (M) and blocks of cocaine (C) you can smuggle into the country. Specifically, your profit function can be expressed as: π = 720C2C² + 480M 3M² + MC - 5000 A. Find the unconstrained solution for how much of each kind of drug you should smuggle. Now suppose that you are constrained in your choice by the capacity of the secret compartment in your plane. It can only fit 200 cubic feet of drugs, and each M takes up 2 cubic feet, and each C takes up I cubic foot. B. Construct a math expression for the constraint. C. Construct the Lagrangian function for this problem.

7. You are a drug smuggler. Your profit depends on how many bales of marijuana (M) and blocks of cocaine (C) you can smuggle into the country. Specifically, your profit function can be expressed as: π = 720C2C² + 480M 3M² + MC - 5000 A. Find the unconstrained solution for how much of each kind of drug you should smuggle. Now suppose that you are constrained in your choice by the capacity of the secret compartment in your plane. It can only fit 200 cubic feet of drugs, and each M takes up 2 cubic feet, and each C takes up I cubic foot. B. Construct a math expression for the constraint. C. Construct the Lagrangian function for this problem.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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