The monthly output of a Spanish light bulb factory is P = 2LK 2 (in millions), where
Question:
The monthly output of a Spanish light bulb factory is P = 2LK2 (in millions), where L is the cost of labor and K is the cost of equipment (in millions of euros). The company needs to produce 1.7 million units per month. Which values of L and K would minimize the total cost L + K?
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Since P 17 and P 2LK we have L 085 K Accordingly the cost of pr...View the full answer
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Anurag Agrawal
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