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N11 Hide Transcribed Text The Azlan Food & Frozen is considering minimizing the cost when the joint cost function two kind of food represents by

N11

Hide Transcribed Text

The Azlan Food \& Frozen is considering minimizing the cost when the joint cost function two kind of food represents byxandywhen the joint cost function isc=6x2+10y2xy+30 and the firms has a production quota ofx+y=34a. What combination of goodxandyshould firm produce to minimize the cost?

b. Estimate the effect on cost if the production quota is reduced by 1 unit (lambda )

I want the solution using Lagrange's Multiplier Method only. Please solve step by step for easy understanding.

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