Essay
Yummy Potato Chip Company has manufacturing plants in N.Y.and N.J.The cost of manufacturing depends on the quantities (in thousand of bags), q1 and q2, produced in the N.Y.and N.J.factories respectively.Suppose the cost function is given by (a)Find (b)By comparing the terms and in the above expression, the manager concluded that it is more expensive to produce in the N.Y.factory.Will shifting all the production to the N.J.factory minimize the production cost?
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(a)1495
(b)No, the move will not minimiz...View Answer
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Correct Answer:
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(b)No, the move will not minimiz...
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