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Find the maximum value of the objective function and where it occurs,subject to the constraints: ?
Objective function:
?
Z = x + 9y
?
Constraints:
?
X ? 0
Y ? 0
X + 4y ? 20
X + y ? 18
?2x + 2y ? 21
?
Marginal Returns
The additional output or benefit received from producing one more unit of a good or service.
Marginal Cost
The cost added by producing one additional unit of a product or service, a crucial concept for making economic decisions.
Average Total Cost
The total cost divided by the quantity produced, indicative of the cost per unit of output.
Average Fixed Cost
Fixed cost divided by output.
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