A company makes two products, widgets and gadgets, which use the same materials in their production. Given a fixed amount of materials and labor, the company must decide how many widgets and gadgets to produce. If w widgets and g gadgets are produced w and g must satisfy 9w^2+4g^2=18000. The graph of this equation for w>=0 g>=0 is called production possibilities curve, and a point (w,g) on this curve is a production scheduel for the company. If a widget gives a profit of 3 dollars and a gadget gives a profit of 4 dollars, find the production schedule that maximizes profit, using lagrange m
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
okk ... see my profit is 3w + 4g ... and my condition is (3w)^2 + (2g)^2 - 18000
apply langrange we get w and g in terms of the constant \[\lambda\] = x
w = 3/(18x) and g = 4/(8x) .. place these two values in the consition to get x = 1/(120)
hence w = 20 and g = 60 and hence my profit is = 60 + 240 = 300