Setup the lagrangian and then determine the values of x and


A decision maker wishes to maximize total benefit, B = 3x + xy + y subject to the cost constraint, C = 4x + 2y = 70.

Setup the Lagrangian and then determine the values of x and y at the minimum level of benefit, given the constraint.

What are the maximum benefits?

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Managerial Economics: Setup the lagrangian and then determine the values of x and
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