A firm manufactures a commodity at two different factories, Factory X and Factory Y. The total cost (in dollars) of manufacturing depends on the quantities, z and y produced at each factory, respectively, and is expressed by the joint cost function: C(z,y)=2x² + xy + 4y² + 2200 A) If the company's objective is to produce 1,000 units per month while minimizing the total monthly cost of production, how many units should be produced at each factory? (Round your answer to whole units. i.e. no decimal places.) To minimize costs, the company should produce:

A firm manufactures a commodity at two different factories, Factory X and Factory Y. The total cost (in dollars) of manufacturing depends on the quantities, z and y produced at each factory, respectively, and is expressed by the joint cost function: C(z,y)=2x² + xy + 4y² + 2200 A) If the company's objective is to produce 1,000 units per month while minimizing the total monthly cost of production, how many units should be produced at each factory? (Round your answer to whole units. i.e. no decimal places.) To minimize costs, the company should produce:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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