1. Not finding help here? Sign up for a free 30min tutor trial with Chegg Tutors
    Dismiss Notice
Dismiss Notice
Join Physics Forums Today!
The friendliest, high quality science and math community on the planet! Everyone who loves science is here!

Economics Math Question

  1. Mar 6, 2006 #1
    This is a economic math question see if you can help me out here.

    I've got 3 variables A,B and C and I shall get the production to be optimal I have there variables

    This is the forumla = Z = 800A+ 550B +400C
    Under these condition it shall work


    With these numbers I shall get a number for each variable that should be the best production way.
    It's called in mathematics, Linear Programming


    I have tested many thing please help me if you can
  2. jcsd
  3. Mar 6, 2006 #2


    User Avatar
    Staff Emeritus
    Science Advisor

    First convert the inequalities into equations:

    14A+ 10B+ 8C= 4500
    12A+ 7C = 1000
    12A+ 18B+ 10C= 480

    Those equations define planes that form the boundary of the "feasible area". Solve for values of A, B, C to get the vertices of that area.
    The evaluate Z at each of those vertices. The optimal value will be at one of the vertices.
Know someone interested in this topic? Share this thread via Reddit, Google+, Twitter, or Facebook

Have something to add?

Similar Discussions: Economics Math Question
  1. Maths question (Replies: 2)

  2. Math questions (Replies: 2)