Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

How to use cramer's rule to Minimise a firm's costs C = 3x2 + 5xy + 6y2 when the firm must meet a production quota

How to use cramer's rule to Minimise a firm's costs C = 3x2 + 5xy + 6y2 when the firm must meet a production quota of 5x + 7y = 800.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Macroeconomics Theories and Policies

Authors: Richard T. Froyen

10th edition

013283152X, 978-0132831529

More Books

Students also viewed these Economics questions

Question

★★★★★

The First Amendment says: Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof, or abridging the freedom of speech or of the press, or the right...

Answered: 1 week ago

Question

★★★★★

What measure of effect size is used with chi square?

Answered: 1 week ago

Question

★★★★★

=+a) Create a run chart for the baseballs weights.

Answered: 1 week ago

Question

★★★★★

1. According to Porter's framework, what generic strategy was Airborne Express pursuing? Was this a sound strategy in the context of the air express industry? 2. What were the strengths of Airborne...

Answered: 1 week ago

Question

★★★★★

Please show work on EXCEL!! I will give a thumbs up if all work and equations are shown and the answer is correct. Thank you! Consider a project of the Cornell Haul Moving Company, the timing and...

Answered: 1 week ago

Question

★★★★★

10. Using the High-Low Method, calculate estimated variable cost per unit. MONTH UNITS TOTAL COST JANUARY 8,000 $16,000 FEBRUARY 9,000 $22,000 MARCH 10,000 $25,000 APRIL 20,000 $55,000 MAY 22,000...

Answered: 1 week ago

Question

★★★★★

Bugs NoMore Company manufactures a product effective in controlling beetles. The company uses a standard cost system and a flexible budget. Standard cost of a gallon is as follows: Direct material: 2...

Answered: 1 week ago

Question

★★★★★

Your director at the department of Home Affairs has appointed you as the lead project manager for a project to rollout the new card type identification to all South African citizens, replacing the...

Answered: 1 week ago

Question

★★★★★

An Aluminum alloy die casting weighs 0.63 kg and the weight of the connected gating system = 0.25 kg. Hourly production rate of the die casting operation = 80 pcs/hr. The unit heating and pouring...

Answered: 1 week ago

Question

★★★★★

[Discrete Random Variables] According to an agreement between a smartphone producer and a retail company, the former delivers a large batch of smartphones of some given model. The retail company...

Answered: 1 week ago

Question

★★★★★

The trial balance before adjustment of Cyncrewd Inc. shows the following balances: Accounts receivable Allowance for doubtful accounts (AFDA) Credit sales Sales returns Dr. $225,000 Cr. 2,340 375,000...

Answered: 1 week ago

Question

★★★★★

PLEASE HELP B. Shipping terms are F.O.B destination, freight Collect. Oana Co. paid the shipping costs on Sept. 17 and deducted the P60,000 from the amount owed to Caris Co. A copy of freight bill to...

Answered: 1 week ago

Question

★★★★★

A greater tendency to create winwin situations.

Answered: 1 week ago

Question

★★★★★

Improving creative problem-solving ability.

Answered: 1 week ago

Question

★★★★★

1. Discuss the following statements: (a) A circle becomes a straight line when viewed on a very small scale. (b) Breaking patterns creates change.

Answered: 1 week ago

Previous Question Next Question