Suppose that a company has received an order for 200 units of its product and wishes to distribute its production between two of its plants, Plant 1 and Plant 2. Let x and y be the outputs of plants 1 and 2, respectively, and suppose that the function of total cost is given by c = f(x,y) = 2x2 + xy + y2 + 200 How should production be distributed to minimize costs? What would you do if now instead of 1 restriction, you had 2 restrictions?
Suppose that a company has received an order for 200 units of its product and wishes to distribute its production between two of its plants, Plant 1 and Plant 2. Let x and y be the outputs of plants 1 and 2, respectively, and suppose that the function of total cost is given by c = f(x,y) = 2x2 + xy + y2 + 200 How should production be distributed to minimize costs? What would you do if now instead of 1 restriction, you had 2 restrictions?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Suppose that a company has received an order for 200 units of its product and wishes to distribute its production between two of its plants, Plant 1 and Plant 2. Let x and y be the outputs of plants 1 and 2, respectively, and suppose that the function of total cost is given by
c = f(x,y) = 2x2 + xy + y2 + 200
How should production be distributed to minimize costs?
What would you do if now instead of 1 restriction, you had 2 restrictions?
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