Suppose your company seeks to maximize their production. Maximize your company's production function of: 2A + 4B, subject to the following constraints: DM: 1A 1B < = 750 DL: 1A5B < = 1,000 OH: 1A 1B < = 900 Please graph each constraint on the same graph. Put B on the vertical axis. Label the quantity intercept, for each item, on each constraint. Label the point, on each axis, where the maximized function provides the optimal quantity of each item.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose your company seeks to maximize their production. Maximize
your company's production function of: 2A + 4B, subject to the following
constraints:
DM: 1A 1B < = 750
DL: 1A5B < = 1,000
OH: 1A 1B < = 900
Please graph each constraint on the same graph. Put B on the vertical
axis. Label the quantity intercept, for each item, on each constraint. Label
the point, on each axis, where the maximized function provides the
optimal quantity of each item.
Transcribed Image Text:Suppose your company seeks to maximize their production. Maximize your company's production function of: 2A + 4B, subject to the following constraints: DM: 1A 1B < = 750 DL: 1A5B < = 1,000 OH: 1A 1B < = 900 Please graph each constraint on the same graph. Put B on the vertical axis. Label the quantity intercept, for each item, on each constraint. Label the point, on each axis, where the maximized function provides the optimal quantity of each item.
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