The quantity, Q, of a good produced depends on the quantities and of the two main materials used: .
Material costs $55 per unit, and material costs $70 per unit. We want to minimize the cost of producing 100 units of the good. Using Lagrange multipliers, we see that the minimum cost of ________ occurs when = _____ and = _____.

Question

The quantity, Q, of a good produced depends on the quantities  and  of the two main materials used:  .
Material  costs $55 per unit, and material  costs $70 per unit. We want to minimize the cost of producing 100 units of the good. Using Lagrange multipliers, we see that the minimum cost of ________ occurs when  = _____ and  = _____.

Quizplus · Accepted Answer

The Answer of The quantity, Q, of a good produced depends on the quantities  and  of the two main materials used:  .
Material  costs $55 per unit, and material  costs $70 per unit. We want to minimize the cost of producing 100 units of the good. Using Lagrange multipliers, we see that the minimum cost of ________ occurs when  = _____ and  = _____.

The Quantity, Q, of a Good Produced Depends on the Quantities