30. A producer has 30 and 17 units of labour and capital respectively which he canto produce two types of goods X and Y. To produce one unit of X, 2 units oflabour and 3 units of capital are required. Similarly, 3 units of labour and 1 unit ofcapital is required to produce one unit of Y. If X and Y are priced at 3100 and*120 per unit respectively, how should the producer use his resources to maximisethe total revenue? Formulate the above problem as a LPP and solve it graphically.161

30. A producer has 30 and 17 units of labour and capital respectively

1.	30. A producer has 30 and 17 units of labour and capital respectively which he canto produce two types of goods X and Y. To produce one unit of X, 2 units oflabour and 3 units of capital are required. Similarly, 3 units of labour and 1 unit ofcapital is required to produce one unit of Y. If X and Y are priced at 3100 and*120 per unit respectively, how should the producer use his resources to maximisethe total revenue? Formulate the above problem as a LPP and solve it graphically.161
Answer»