A corporation manufactures candles at two locations. The cost of producing x₁ units at location 1 is C₁ = 0.02x₁² + 4x₁ +590 and the cost of producing x₂ units at location 2 is C₂ = 0.05x₂² + 4x₂ + 200 The candles sell for $16 per unit. Find the quantity that should be produced at each location to maximize the profit P = 16(x₁ + x₂) − C₁ − C₂. x1 = x₂ II

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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A corporation manufactures candles at two locations. The cost of producing x₁ units at location 1 is
C₁ = 0.02x₁² + 4x₁ +590
and the cost of producing x₂ units at location 2 is
= 0.05x₂2 + 4x₂ + 200
X1 =
x₂ =
C₂ =
The candles sell for $16 per unit. Find the quantity that should be produced at each location to maximize the profit P =
16(x₁ + x₂) - C₁ - C₂.
Transcribed Image Text:A corporation manufactures candles at two locations. The cost of producing x₁ units at location 1 is C₁ = 0.02x₁² + 4x₁ +590 and the cost of producing x₂ units at location 2 is = 0.05x₂2 + 4x₂ + 200 X1 = x₂ = C₂ = The candles sell for $16 per unit. Find the quantity that should be produced at each location to maximize the profit P = 16(x₁ + x₂) - C₁ - C₂.
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