L LUCKYLES New member Joined Aug 2, 2012 Messages 1 Aug 3, 2012 #1 A firm produces x and y , if y = 98-x (rhs is all over x) and the profit on 1 is double that of the other, show that a total output of 20 units max's profit. Could Lagrange multipliers be used ? Thanks.
A firm produces x and y , if y = 98-x (rhs is all over x) and the profit on 1 is double that of the other, show that a total output of 20 units max's profit. Could Lagrange multipliers be used ? Thanks.
tkhunny Moderator Staff member Joined Apr 12, 2005 Messages 11,325 Aug 3, 2012 #2 LaGrange?! Yes, but WHY?!?!?!? Please simply substitute and solve the resulting quadratic dilemma. Of course you'll have to define which profit is "one" and which is the "other".
LaGrange?! Yes, but WHY?!?!?!? Please simply substitute and solve the resulting quadratic dilemma. Of course you'll have to define which profit is "one" and which is the "other".
mmm4444bot Super Moderator Joined Oct 6, 2005 Messages 10,958 Aug 3, 2012 #3 LUCKYLES said: y = 98 - x (rhs is all over x) Click to expand... You may text this as: y = (98 - x)/x :cool:
LUCKYLES said: y = 98 - x (rhs is all over x) Click to expand... You may text this as: y = (98 - x)/x :cool:
