Question 3: A firm's production function is given by Q = L?VK + 2LK² with K = 16 and L = 10. %3D a) Find the value of the marginal product of capital, MPx and the value of the marginal product of labour, MPL. b) Write down the value of the marginal rate of technical substitution, MRTS and give an interpretation of this value. c) Estimate the overall effect on Q when K increases by 2 units and L decreases by 3 units.

Q: 8. What is the rate of decay, r (expressed as a decimal), for data best modeled by the exponentia…

A: Exponential growth curve equation is given by, Y= abx ............(1) Where a= starting value  And…

Q: The rate of change of a quantity with unit q as a linear function of time is given as: time/s: 0…

A:

Q: Suppose that the demand for x units of a product is x = 9,000 – 90p where p dollars is the price per…

A:

Q: 11) What is the rate of change? y=+3 Your answer

A:

Q: At time 3 seconds an inflatable cylinder has the radius 5 inches and the length 20 inches, that is,…

A: Given that  At time 3 seconds an inflatable cylinder has radius 5 inches and length 20 inches…

Q: 8. Create the equation of any function where the instantaneous rate of change when x = 1 does not…

A: Create the equation of any function where the instantaneous rate of change when x = 1 does not…

Q: 2. A photographer uses a light meter to measure the intensity of light from a flash bulb. The…

A: According to giver that. The intensity for the flash bulb, 2. measured in function of the distance…

Q: The cost (in S) of producing x-units of certain commodity is: C(x)=500+7x+0.03x². Find the average…

A: In this question, we will find the average rate of change and instantaneous rate of change.

Q: (a) A kitchen sink has a volume of 15 L. If the drain is closed and the sink is initially empty,…

A:

Q: The price P of gasoline increases to a maximum and then stays at a fixed price. What is the rate of…

A: Given: The price P of gasoline increases to a maximum and then stays at a fixed price. What is the…