In: Math
A manufacturing firm has a monthly production of units modeled
by?(?, ?) = 50?0.7?0.3 where x is the number of units of labor and
y is the number of units of capital.
The company has a budget of $75,000 per month for labor and
capital. If each unit of labor costs $30 and each unit of capital
costs $25, how much should the company spend on labor and materials
in order to maximize their production?