Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company plans to produce liquid bath soap using its two factories in Tangerang and Bekasi, both of which will work with the function (Total

A company plans to produce liquid bath soap using its two factories in Tangerang and Bekasi, both of which will work with the function (Total Cost) TC = 3X2+6Y2-XY

X is the output of the factory in Tangerang and Y is the output of the factory in Bekasi. The company's management will try to determine the lowest cost combination between X and Y, and is required to comply with the constraint that the total product must be 20,000 units.

This is done by solving the X constraint and substituting the value into the objective function with X=15-Y

What is the total cost and its derivative value? Explain!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Products Management

Authors: C Merle Crawford

12th Edition

1260512010, 9781260512014

More Books

Students also viewed these Economics questions

Question

Distinguish between sharing profits and sharing revenues.

Answered: 1 week ago

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago