A firm profit function is as follows: Profit function 80X- 2x2-XY – 3y2 +100Y The firm faces a constraint of the total units of x and y not exceeding12. Required (a) Use Lagrangian method to find the optimal units of x and y which the firm must sell in order to maximise profits. (b) What is the profit?
A firm profit function is as follows: Profit function 80X- 2x2-XY – 3y2 +100Y The firm faces a constraint of the total units of x and y not exceeding12. Required (a) Use Lagrangian method to find the optimal units of x and y which the firm must sell in order to maximise profits. (b) What is the profit?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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