Jaribu Ltd. manufactures two types of milling machines, the Ace and the champion (y) which cost...
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Jaribu Ltd. manufactures two types of milling machines, the Ace and the champion (y) which cost £10 and £15 per unit to produce respectively. There is a budget constraint of £850 and it has been established that the profit function is II = 60x + 150y-x²-3y² Required: Determine the number of each machine type which should be produced and sold in order to maximise the profits subject to the budget constraint. the number of machines produced should just exhaust the budget. Jaribu Ltd. manufactures two types of milling machines, the Ace and the champion (y) which cost £10 and £15 per unit to produce respectively. There is a budget constraint of £850 and it has been established that the profit function is II = 60x + 150y-x²-3y² Required: Determine the number of each machine type which should be produced and sold in order to maximise the profits subject to the budget constraint. the number of machines produced should just exhaust the budget.
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Posted Date:
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