Budgeting for maximum production

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Reference no: EM131270339

Budgeting for maximum production:-

A manufacturing firm has budgeted $60,000 per month for labor and materials. If $x thousand is spent on labor and $y thousand is spent on materials, and if the monthly output (in units) is given by

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then how should the $60,000 be allocated to labor and materials in order to maximize N? What is the maximum N?

Reference no: EM131270339

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