A Mop Company Can Produce Mops Using X Units

question 65

Multiple Choice

A mop company can produce mops using x units of capital and y units of labor, with production costs dollars. With a budget of $550,000, the maximum production is 65,000 mops, using $400,000 in capital and $150,000 in labor. The Lagrange multiplier is . Which of the following is true?

• A)The objective function is and the constraint is .
• B)The objective function is and the constraint is .
• C)The objective function is and the constraint is .
• D)The objective function is and the constraint is .

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