A manufacturer's total production of a new product is P(L, K) = 1200L2/3K1/3 where L is the number of units of labor and K is the number of units of capital. A unit of labor costs $100, a unit of capital $400, and the total budget for labor and capital is $480,000. (a) To maximize production, how much should be spent on labor? $  160000       How much on capital? $  320000       (b) Find the value of the Lagrange multiplier. 252

Q: 23. An electrician charges an initial fee of $100, and $40 per hour for his work. a. Find a formula…

A:

Q: An outboard motor has an initial price of $1,000. A service contract costs $200 for the first year…

A: Step 1: Find an expression for the average In general, recall that the average is the sum or total…

Q: Suppose that a you are the owner of a movie theater. You have to decide the price of a movie ticket.…

A:

Q: Now suppose that the countries trade 3 million pounds of shrimp for 1 million pounds of rice. After…

A:

Q: A chair manufacturer hires its assembly-line labour for $18 an hour and calculates that the rental…

A:

Q: (b) During a nationwide program to immunize the population against a new strain of the flu, public…

A: Given: The function that represents the immunize population against a new strain of the flu is…

Q: The total cost of owning and operating a certain piece of equipment for xx years is given by:…

A: To find the total cost for x=20 yrs

Q: From W/H W/H 1 W/H2 W/H 3 Demand (tons) Customer 1 40 70 80 200 Cost to ($/ton) Customer 2 Customer…

A: Voggel's Approximation Method for balanced transportation problem: Step1: For each row identify the…

Q: The infrastructure needs of a region (for example, the number of miles of electrical cable, the…

A: The number of gas stations is proportional to the population raised to power of 0.77.a) Writes a…

Q: ng Time: 1 hour, 45 minutes, 39 seconds. Completion Status: scenario: A team of researchers is…

A: 1 2 Urban Rural 4 3 2 5 14 0 3 3 0 6 Urban Dwellers Mean 4.6 Standard Deviation…

Q: Acme Motorcycle Co has determined that the engine size (in cc) is the key cost driver for estimating…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: 45 The quantity demanded per month of an item is related to the unit price by the demand equation…

A: The demand equation is given by px =450.04x2+1 To evaluate: The number of items sold to maximize the…

Q: Suppose a company has fixed costs of $46,800 and variable cost per unit of 3/5 x + 333 dollars,…

A:

Q: If a small country with a demand of P= 80 - 2Q and a supply of P = 40 + 2Q decides to provide an…

A: We can rewrite the demand and supply equations in terms of P.  So our demand equation becomes Q =…

Q: using the following: Input: Labor: $10000, material: $5200, overhcad: $20000. Keep in mind the Q2.B-…

A:

Q: XY Inc. finds that the total cost of producing and selling "D" number of ACU sets is 50D²…

A:

Q: A diet is to contain at least 845 units of carbohydrates, 1280 units of proteins, and 1010 calories.…

A: We will construct a linear programming problem according to the given information and solve it using…

Q: particular very sm alue of gross regionald n a

A: Given in a particular very small region, the consumer price index, C, depends on the currentvalue of…