Question
1. A factory manufacturers two types of heavy duty machines in quantities x and y. The joint cost function is C = x +
1. A factory manufacturers two types of heavy duty machines in quantities x and y. The joint cost function is C = x + 2y - xy. How many machines of each type should be produced if they have to be a total of 8?
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
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