Solved: Maximum Profit A corporation manufactures candles at two locations. The cost of
Chapter 13, Problem 16(choose chapter or problem)
Maximum Profit A corporation manufactures candles at two locations. The cost of producing \(x_{1}\) units at location 1 is
\(C_1=0.02x_1^{\ 2}+4x_1+500\)
and the cost of producing \(x_{2}\) units at location 2 is
\(C_2=0.05x_2^{\ 2}+4x_2+275\)
The candles sell for $15 per unit. Find the quantity that should be produced at each location to maximize the profit \(P=15\left(x_{1}+x_{2}\right)-C_{1}-C_{2}\).
Text Transcription:
x_1
C_1 = 0.02x_1 ^2 + 4x_1 + 500
C_2 = 0.05x_2 ^2 + 4x_2 + 275
P = 15(x_1 + x_2) - C_1 - C_2
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer