a. Suppose that Miller Corporation can produce 3500 refrigerators when the number of hours of skilled labor y and unskilled labor x satisfy 767 = (x + 5)/4(y + 8)*/3. Find the rate of change of skilled labor hours with respect to unskilled labor hours.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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a. Suppose that Miller Corporation can produce 3500 refrigerators when the number
of hours of skilled labor y and unskilled labor x satisfy 767 = (x + 5)/4(y + 8)*/3.
Find the rate of change of skilled labor hours with respect to unskilled labor hours.
b. Determine the point elasticityn of the demand equation 2p?q
= 3000 + 1000p2
when p = 20.
Transcribed Image Text:a. Suppose that Miller Corporation can produce 3500 refrigerators when the number of hours of skilled labor y and unskilled labor x satisfy 767 = (x + 5)/4(y + 8)*/3. Find the rate of change of skilled labor hours with respect to unskilled labor hours. b. Determine the point elasticityn of the demand equation 2p?q = 3000 + 1000p2 when p = 20.
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