Producer theory (determination of maximums and minimums)

(Hint: to demonstrate, partially derive by x and y and equal zero. It is easy to check that this is a minimum.)

Producer theory (determination of maximums and minimums) 4) The cost function of a certain company is as follows: C = (1/100) x2 - 10x +(1/300) y3 - 9y + 20,600 Show that the values that minimize cost are: x=500, y=30. (Hint: to demonstrate, partially derive by x and y and equal zero. It is easy to check that this is a minimum.)