Find the maximum production using the given steps

Assignment Help Mathematics
Reference no: EM131604464

Question: In many applications, we want to maximize or minimize some quantity subject to a condition. Such constrained optimization problems are solved using Lagrange multipliers in multivariable calculus;

The quantity Q of an item which can be produced from quantities x and y of two raw materials is given by Q = 10xy at a cost of C = x + 2y thousand dollars. If the budget for raw materials is 10 thousand dollars, find the maximum production using the following steps.

(a) Graph x+2y = 10 in the first quadrant. On the same axes, graph Q = 10xy = 100, Q = 10xy = 200, and Q = 10xy = 300.

(b) Explain why the maximum production occurs at a point at which a production curve is tangent to the cost line C = 10.

(c) Using your answer to part (b) and implicit differentiation to find the slope of the curve, find the maximum production under this budget.

Reference no: EM131604464

Questions Cloud

Define the lagrange multipliers in multivariable calculus : In many applications, we want to maximize or minimize some quantity subject to a condition. Such constrained optimization problems are solved.
Summarize the concept of spaced repetition : Summarize the concept of spaced repetition and explain its relationship to learning
Community-based volunteer health organization : In 2014 The American Cancer Society began a partnership with Stand Up To Cancer to help fund additional research for lung cancer and developing new therapies.
Explain what type of stalker does this typify : What type of stalker does this typify, Should your friend contact the police
Find the maximum production using the given steps : In many applications, we want to maximize or minimize some quantity subject to a condition. Such constrained optimization problems are solved using Lagrange.
How many of each item should be ordered : Perform an operation to determine how many of each item should be ordered to maintain the stock - The program must use a pop-up dialogue box to get
What problems do experts encounter trying : what problems do experts encounter trying to ascertain if the sex was not consensual
Find the minimum cost to produce one thousand items : With quantities x and y of two raw materials available, Q = x½y½ thousand items can be produced at a cost of C = 2x + y thousand dollars.
The palliative care research : The ACS funded the Palliative Care Research (American Cancer Society, 2017b). According to this study, the original goals of palliative care.

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd