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A producer has 30 and 17 …

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A producer has 30 and 17 units of labour and capital respectively which he can use to produce two types of goods X and Y. To produce one unit of X, 2 units of labour and 3 units of capital are required. Similarly,3 units of labour and 1 unit of capital are required to produce 1 unit of Y. If X and Y are priced at rupees 100 and rupees 20 respectively .how should the producer use his resources to maximize the total revenue. Solve it graphically.

Posted by Ayushi Chhabra 5 years, 8 months ago

CBSE > Class 12 > Mathematics

1 answers

Ritss ?? 5 years, 8 months ago

Labour ≤30 Capital≤17 cost at Good X(a) 2 3 100 Good Y(b) 3 1 20 Let goodx be a and good y be b Therefore 2a +3b ≤30 .........eq1 3a+ b ≤17 .........eq2 Z = 100a +20b Solve eq 1 and 2 the make a graph the find the maximize pt and maximize value .............☺️☺️

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