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
Problem 1RQ
icon
Related questions
Question
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.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,