Provide an appropriate response.
Use Lagrange multipliers to maximize f(x, y, z) = 24x + 12y + 24z subject to x2+y2+z2= 324.
max f(x, y, z) = f(12, 6, 12) = 648
max f(x, y, z) = f(6, 12, 12) = 576
max f(x, y, z) = f(12, 12, 12) = 720
max f(x, y, z) = f(12, 12, 6) = 576
The total cost to produce MP3 players in 2 models is given by
C(x, y) = 2x2+ 4y2+ 4xy + 60, where red model is x and the green one is y.
If a total of 60 players must be made, how should production be allocated so that the total cost is
minimized?
60 red players and 0 green players
59 red players and 1 green players
0 red players and 60 green players
30 red players and 30 green players
The Cobb–Douglas function for a new product is given by N(x, y) = 15x0.6y0.4 where x is the
number of units of labor and y is the number of units of capital required to produce N(x, y) units of
the product. Each unit of labor costs $40, and each unit of capital costs $80. If $400,000 has been
budgeted for the production of this product, determine how this amount should be allocated in
order to maximize production, and find the maximum production.
6000 units of labor and 6000 units of capital
max N(x,y) = N(6000, 6000)
89,995 units
6000 units of labor and 2000 units of capital
max N(x, y) = N(6000, 2000)
57,995 units
2000 units of labor and 6000 units of capital
max N(x,y) = N(2000, 6000)
46,555 units
2000 units of labor and 2000 units of capital
max N(x,y) = N(2000, 2000)
30,195 units