Solution-Develop an objective function with constraints

Develop an objective function with constraints

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Reference no: EM13687825

Use an output number of 24,000 tons per month, a capital cost of $30M, a labor rate of $22 per hour to develop an objective function with constraints in capital and labor cost. How many hours can you work before seeing Diminishing Returns? Please explain how you get the answer.

Reference no: EM13687825

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Develop an objective function with constraints

Reference no: EM13687825

Reference no: EM13687825

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