Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The cost of controlling emissions at a firm goes up rapidly as the amount of emissions reduced goes up. Here is a possible model, C

The cost of controlling emissions at a firm goes up rapidly as the amount of emissions reduced goes up. Here is a possible model,

C(x,y) =3,000+800x2+300y2,

wherexis the reduction in sulfur emissions,yis the reduction in lead emissions (in pounds of pollutant per day), andCis the daily cost to the firm (in dollars) of this reduction. Government clean-air subsidies amount to $400per pound of sulfur and $900per pound of lead removed. How many pounds of pollutant should the firm remove each day to minimizenetcost (cost minus subsidy)?

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

Linear Algebra With Applications

Authors: Gareth Williams

7th Edition

0763790923, 9780763790929

More Books

Students also viewed these Mathematics questions

Question

3. Im trying to point out what we need to do to make this happen

Answered: 1 week ago