Question
What combination of goods X and y should a firm produce to minimize costs when the joint cost function is c = 6x+10y -
What combination of goods X and y should a firm produce to minimize costs when the joint cost function is c = 6x+10y - xy+30 aad the firm has a production quota of X + y = 34 and a distribution quota of r+2y =42. Estimate the eftect on costs if the quotas are reduced by 1 unit each.
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
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