Suppose a corporation manufactures candles at two locations. The cost of producing *1units at locatic C1= 0.08x1“+4x1+500and the cost of producing *2 units at location 2 is C2=0.02x2+4x2+350 candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the profit P = 12(x1+x2)-C1-C2.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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4. Suppose a corporation manufactures candles at two locations. The cost of producing *1units at location 1 is
C1= 0.08x1+4x+500and the cost of producing *2units at location 2 is C2=0.02x2+4x2+350 The
candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the
profit P = 12(x1+x2)-C1-C2.
2
%3D
Transcribed Image Text:4. Suppose a corporation manufactures candles at two locations. The cost of producing *1units at location 1 is C1= 0.08x1+4x+500and the cost of producing *2units at location 2 is C2=0.02x2+4x2+350 The candles sell for $12 per unit. Find the quantity that should be produced at each location to maximize the profit P = 12(x1+x2)-C1-C2. 2 %3D
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