How to minimize the cost of production

Reference no: EM131801636

Question: Cost a firm has two plants, X and Y. Suppose that the cost of producing x units at plant X is x² + 1200 dollars and the cost of producing y units of the same product at plant Y is given by 3y² + 800 dollars. If the firm has an order for 1200 units, how many should it produce at each plant to fill this order and minimize the cost of production?

Reference no: EM131801636

Questions Cloud

National football league : In the Sport Activity Model outlined in Chapter 1, indicate whether the organization listed below is a "sport producing sector" or a "supporting subsector."

Completed your reading and learning activity : After you have completed your Reading and Learning Activity, respond to the Discussion topic.

Determine the amount of ending inventory : Determine the amount of ending inventory using the lower-of-cost-or-market rule applied to each individual inventory item

List the composition of intangible assets in the company : ACC00145 2017 s3 Report. Intangible Assets: List the composition of intangible assets in the chosen company. Comment on the recognition of intangible asset

How to minimize the cost of production : Cost a firm has two plants, X and Y. Suppose that the cost of producing x units at plant X is x2 + 1200 dollars and the cost of producing y units.

What is the annual cost of ordering and holding? inventory : What is the annual cost of ordering and holding? inventory? What will be the maximum inventory? level?

Shortages facing healthcare are significant : Staffing shortages facing healthcare are significant. Healthcare managers must be able to attract and retain quality providers and staff.

Explain what threat do cyber-attacks pose to united states : Explain What threat do cyber-attacks pose to the United States? What if there was a successful terrorist group cyber-attack on the Pentagon.

Success in human resource management : Support your response to include an example of one of the skills that is important for success in human resource management.

User Account

All Pages