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The productivity of an airplane manufacturing company is given by: f(x, y) = 40x0.³y0.7 where x = units of labor and y = units of capital. Find the marginal productivity of labor and capital when 1500 units are spent on labor and 4500 units are spent on capital.

The productivity of an airplane manufacturing company is given by: f(x, y) = 40x0.³y0.7 where x = units of labor and y = units of capital. Find the marginal productivity of labor and capital when 1500 units are spent on labor and 4500 units are spent on capital.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Someone please help with 9 and 10 & try to explain it because I have no idea what's going on in the class. My teacher goes so fast :( 

8. f(x, y) = (x³ + x²y + 3y²)³ а. fr(x, у) — b. fy(x, y) = 9. The productivity of an airplane manufacturing company is given by: f(x, y) = 40x0.3y0.7 where x = units of labor and y = units of capital. Find the marginal productivity of labor and capital when 1500 units are spent on labor and 4500 units are spent on capital. 10. Should management encourage increased expenditure on labor or capital?
Transcribed Image Text:8. f(x, y) = (x³ + x²y + 3y²)³ а. fr(x, у) — b. fy(x, y) = 9. The productivity of an airplane manufacturing company is given by: f(x, y) = 40x0.3y0.7 where x = units of labor and y = units of capital. Find the marginal productivity of labor and capital when 1500 units are spent on labor and 4500 units are spent on capital. 10. Should management encourage increased expenditure on labor or capital?
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