Monday

September 15, 2014

September 15, 2014

Posted by **Elizabeth** on Monday, January 18, 2010 at 3:28pm.

C(x,y) = 0.04x2 + 0.01xy + 0.01y2 +4x + 2y +500

Suppose that firm sells all its output at a price per unit of 15 for A and 9 for B.

Find the daily production levels x and y that maximise profit per day.

Suppose that any production by the firm creates pollution, so it is legally restricted to produce a total of 320 units of the two kinds of output. What now are the optimal quantities of the two kinds of output?

- Mathematics in Economy -
**Elizabeth**, Monday, January 18, 2010 at 3:33pmI'd like to add that the '2' after x and y means 'squared'.

**Answer this Question**

**Related Questions**

math - The daily cost C, in RM, of producing a product is C(x)=1000+72x-0.06x^2...

ECOMICS - IF AN ECONOMY MOVES FROM PRODUCING 15 UNITS OF A AND 7 UNITS OF B TO ...

economics - A profit-maximizing firm in a competitive market is currently ...

Economics/Math - In a perfectly competitive industry, the market price is $25. A...

Business Calculus - A manufacturer has found that marginal cost is dc/dx=3x^2-...

eco - suppose that the marginal product of the last worker employed by a firm is...

Economics - In an economy where a unit of labour can produce either 1 unit of x ...

calculus - A fertilizer producer finds that it can sell its product at a price ...

PLEEEEEEASE HELP, EMERGENCY!!!!! - Here is a word problem dealing with The ...

Math - A dietitian is designing a daily diet that is to contain at least 60 ...