maximizing profit function of two variables
Please help me solve! Explain it very explicitly with equations and not just text.
Find the combination of K and L that ensures the maximum profit and find the maximum profit. The profit is given by the following function:
where:
Find the combination of K and L that ensures the maximum profit and find the maximum profit. The profit is given by the following function:
where:
Original post by SikoSiko
Please help me solve! Explain it very explicitly with equations and not just text.
Find the combination of K and L that ensures the maximum profit and find the maximum profit. The profit is given by the following function:
where:
Find the combination of K and L that ensures the maximum profit and find the maximum profit. The profit is given by the following function:
where:
look at some of the examples of post 2 in this thread
http://www.thestudentroom.co.uk/showthread.php?t=3351861
PS SikoSikoKatseKatse
Original post by TeeEm
look at some of the examples of post 2 in this thread
http://www.thestudentroom.co.uk/showthread.php?t=3351861
PS SikoSikoKatseKatse
http://www.thestudentroom.co.uk/showthread.php?t=3351861
PS SikoSikoKatseKatse
Thank you. But none of those examples quite resembles my problem?
Original post by SikoSiko
Thank you. But none of those examples quite resembles my problem?
well they do if you replace the x and y with L and K
the method is exactly the same
Original post by TeeEm
look at some of the examples of post 2 in this thread
http://www.thestudentroom.co.uk/showthread.php?t=3351861
PS SikoSikoKatseKatse
http://www.thestudentroom.co.uk/showthread.php?t=3351861
PS SikoSikoKatseKatse
Thank you. But none of those examples quite resembles my problem?
Original post by SikoSiko
Thank you. But none of those examples quite resembles my problem?
please read post 4
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