A manufacturer can produce 5,130 cell phones when a dollars is spent on labor and y dollars is spent on capital. The model that represents the cost of producing the cell phones is given by 31 95x y = 5130 A. Find the marginal cost model, in terms of x and y. dy dr B. Find the marginal cost when $81 is spent on labor and $16 is spent on capital. Round the marginal cost to the nearest cent. $
A manufacturer can produce 5,130 cell phones when a dollars is spent on labor and y dollars is spent on capital. The model that represents the cost of producing the cell phones is given by 31 95x y = 5130 A. Find the marginal cost model, in terms of x and y. dy dr B. Find the marginal cost when $81 is spent on labor and $16 is spent on capital. Round the marginal cost to the nearest cent. $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A manufacturer can produce 5,130 cell phones when a dollars is spent on labor and y dollars is spent on
capital. The model that represents the cost of producing the cell phones is given by
95 x y z = 5130
A. Find the marginal cost model, in terms of x and y.
dy
dx
=
B. Find the marginal cost when $81 is spent on labor and $16 is spent on capital. Round the marginal
cost to the nearest cent.
$
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