An Electrical Company has two manufacturing plants. The cost in dollars of producing an Amplifier at each of the two plants is given below. The cost of producing Q1 Amplifiers at first plant is:
65Q₁ + 4Q₁²+ 90
and the cost of producing Q₂ Amplifiers at the second plant is
20Q₂ + 2Q₂²+ 120
The company needs to manufacture at least 60 Amplifiers to meet the received orders. How many Amplifiers should be produced at each of the plant to minimize the total production cost? Round the answers to two decimal places and the total cost to the nearest dollar value.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q50: Gatson manufacturing company is willing to promote
Q51: Consider the stock return data given below.
Q52: The profit function for two types
Q53: The manager of a supermarket estimates the
Q54: The exponential smoothing model is given
Q55: Mark and his friends are planning
Q56: Consider the following data on the returns
Q57: Jeff is willing to invest $5000
Q59: Jim is trying to solve a problem
Q60: Consider the EOQ model for multiple products
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents