Hello
You have the function:
then, consider the equations:
From the first and second relation:
And substiting in the last one:
Now, I suppose that you can conitnue...
Best regards.
I have a profit function = -100 + 80a - 0.1a^2 + 100b - 0.2b^2
the question states relationg to the output of two products if total production (a + b = 500) find the solution that will maximize profit. solve the lagrange multiplier also.
so i have reworked the formula to show = -100 + 80a - 0.1a^2 + 100b - 0.2b^2 - λ(500 - a - b)
fa = 80 -0.2a - λ
fb = 100 -0.4b - λ
fλ = -500 + a + b
i know i have to set fa, fb and fλ to 0 to solve the maximization point so im just not sure how to go from here using substitution to solve each p.derivative.
if someone could help would be great