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The cost function of a given company is as follows: C = ( 1 / 1 0 0 ) x 2 1 0 x +
The cost function of a given company is as follows: C=(1/100)x210x+(1/300)y39y+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.)
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