Bundle: Finite Mathematics, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term
7th Edition
ISBN: 9781337604956
Author: Waner
Publisher: CENGAGE L
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Chapter 0.3, Problem 46E
(a)
To determine
To calculate: The factors of the expression
(b)
To determine
To calculate: The value of y when the expression
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use Lagrange multipliers to solve
Suppose a Cobb-Douglas Production function is given by the following:
P(L,K)=80L0.75 K-0.25
where L is units of labor, K is units of capital, and P(L, K) is total units that can be produced with this
labor/capital combination. Suppose each unit of labor costs $400 and each unit of capital costs $1,600.
Further suppose a total of $384,000 is available to be invested in labor and capital (combined).
A) How many units of labor and capital should be "purchased" to maximize production subject to your
budgetary constraint?
Units of labor, L =
Units of capital, K =
B) What is the maximum number of units of production under the given budgetary conditions? (Round your
answer to the nearest whole unit.)
Max production =
units
Suppose a Cobb-Douglas Production function is given by the function: P(L, K) = 7L0.0 K0.4
Furthemore, the cost function for a facility is given by the function: C(L, K) = 100L +400K
Suppose the monthly production goal of this facility is to produce 15,000 items. In this problem, we will
assume L represents units of labor invested and K represents units of capital invested, and that you can
invest in tenths of units for each of these. What allocation of labor and capital will minimize total
production Costs?
Units of Labor L =
Units of Capital K =
(Show your answer is exactly 1 decimal place)
(Show your answer is exactly 1 decimal place)
Also, what is the minimal cost to produce 15,000 units? (Use your rounded values for L and K from above
to answer this question.)
The minimal cost to produce 15,000 units is $
Hint:
1. Your constraint equation involves the Cobb Douglas Production function, not the Cost function.
2. When finding a relationship between L and K in your system of equations,…
Chapter 0 Solutions
Bundle: Finite Mathematics, 7th + WebAssign Printed Access Card for Waner/Costenoble's Finite Mathematics, 7th Edition, Single-Term
Ch. 0.1 - Prob. 1ECh. 0.1 - Prob. 2ECh. 0.1 - Prob. 3ECh. 0.1 - Prob. 4ECh. 0.1 - Prob. 5ECh. 0.1 - Prob. 6ECh. 0.1 - Prob. 7ECh. 0.1 - Prob. 8ECh. 0.1 - Prob. 9ECh. 0.1 - Prob. 10E
Ch. 0.1 - Prob. 11ECh. 0.1 - Prob. 12ECh. 0.1 - Prob. 13ECh. 0.1 - Calculate each expression in Exercises 124, giving...Ch. 0.1 - Prob. 15ECh. 0.1 - Prob. 16ECh. 0.1 - Calculate each expression in Exercises 124, giving...Ch. 0.1 - Calculate each expression in Exercises 124, giving...Ch. 0.1 - Prob. 19ECh. 0.1 - Prob. 20ECh. 0.1 - Prob. 21ECh. 0.1 - Prob. 22ECh. 0.1 - Prob. 23ECh. 0.1 - Calculate each expression in Exercises 124, giving...Ch. 0.1 - Prob. 25ECh. 0.1 - Prob. 26ECh. 0.1 - Prob. 27ECh. 0.1 - Prob. 28ECh. 0.1 - Prob. 29ECh. 0.1 - Prob. 30ECh. 0.1 - Prob. 31ECh. 0.1 - Prob. 32ECh. 0.1 - Prob. 33ECh. 0.1 - Prob. 34ECh. 0.1 - Convert each expression in Exercises 25-50 into...Ch. 0.1 - Convert each expression in Exercises 25-50 into...Ch. 0.1 - Convert each expression in Exercises 25-50 into...Ch. 0.1 - Prob. 38ECh. 0.1 - Prob. 39ECh. 0.1 - Prob. 40ECh. 0.1 - Prob. 41ECh. 0.1 - Prob. 42ECh. 0.1 - Prob. 43ECh. 0.1 - Prob. 44ECh. 0.1 - Prob. 45ECh. 0.1 - Prob. 46ECh. 0.1 - Prob. 47ECh. 0.1 - Prob. 48ECh. 0.1 - Prob. 49ECh. 0.1 - Prob. 50ECh. 0.2 - Prob. 1ECh. 0.2 - Prob. 2ECh. 0.2 - Prob. 3ECh. 0.2 - Prob. 4ECh. 0.2 - Prob. 5ECh. 0.2 - Prob. 6ECh. 0.2 - Prob. 7ECh. 0.2 - Prob. 8ECh. 0.2 - Prob. 9ECh. 0.2 - Prob. 10ECh. 0.2 - Prob. 11ECh. 0.2 - Prob. 12ECh. 0.2 - Prob. 13ECh. 0.2 - Prob. 14ECh. 0.2 - Prob. 15ECh. 0.2 - Prob. 16ECh. 0.2 - Prob. 17ECh. 0.2 - Prob. 18ECh. 0.2 - Prob. 19ECh. 0.2 - Prob. 20ECh. 0.2 - Prob. 21ECh. 0.2 - Prob. 22ECh. 0.2 - Prob. 23ECh. 0.2 - Prob. 24ECh. 0.2 - Prob. 25ECh. 0.2 - Prob. 26ECh. 0.2 - Prob. 27ECh. 0.2 - Prob. 28ECh. 0.2 - Prob. 29ECh. 0.2 - Prob. 30ECh. 0.2 - Prob. 31ECh. 0.2 - Prob. 32ECh. 0.2 - Prob. 33ECh. 0.2 - Prob. 34ECh. 0.2 - Convert the expressions in Exercises 31-36 to...Ch. 0.2 - Prob. 36ECh. 0.2 - Prob. 37ECh. 0.2 - Prob. 38ECh. 0.2 - Prob. 39ECh. 0.2 - Prob. 40ECh. 0.2 - Prob. 41ECh. 0.2 - Prob. 42ECh. 0.2 - Prob. 43ECh. 0.2 - Prob. 44ECh. 0.2 - Prob. 45ECh. 0.2 - Prob. 46ECh. 0.2 - Prob. 47ECh. 0.2 - Evaluate expressions in Exercises 3756, rounding...Ch. 0.2 - Prob. 49ECh. 0.2 - Prob. 50ECh. 0.2 - Prob. 51ECh. 0.2 - Prob. 52ECh. 0.2 - Prob. 53ECh. 0.2 - Prob. 54ECh. 0.2 - Prob. 55ECh. 0.2 - Prob. 56ECh. 0.2 - Prob. 57ECh. 0.2 - Prob. 58ECh. 0.2 - Prob. 59ECh. 0.2 - Prob. 60ECh. 0.2 - Prob. 61ECh. 0.2 - Prob. 62ECh. 0.2 - Prob. 63ECh. 0.2 - Prob. 64ECh. 0.2 - Prob. 65ECh. 0.2 - Prob. 66ECh. 0.2 - Prob. 67ECh. 0.2 - Prob. 68ECh. 0.2 - Prob. 69ECh. 0.2 - Prob. 70ECh. 0.2 - Prob. 71ECh. 0.2 - Prob. 72ECh. 0.2 - Prob. 73ECh. 0.2 - Prob. 74ECh. 0.2 - Prob. 75ECh. 0.2 - Prob. 76ECh. 0.2 - Prob. 77ECh. 0.2 - Prob. 78ECh. 0.2 - Prob. 79ECh. 0.2 - Prob. 80ECh. 0.2 - Prob. 81ECh. 0.2 - Prob. 82ECh. 0.2 - Prob. 83ECh. 0.2 - Prob. 84ECh. 0.2 - Prob. 85ECh. 0.2 - Prob. 86ECh. 0.2 - Prob. 87ECh. 0.2 - Prob. 88ECh. 0.2 - Prob. 89ECh. 0.2 - Prob. 90ECh. 0.2 - Prob. 91ECh. 0.2 - Prob. 92ECh. 0.2 - Prob. 93ECh. 0.2 - Prob. 94ECh. 0.2 - Prob. 95ECh. 0.2 - Prob. 96ECh. 0.2 - Prob. 97ECh. 0.2 - Prob. 98ECh. 0.2 - Prob. 99ECh. 0.2 - Prob. 100ECh. 0.2 - Prob. 101ECh. 0.2 - Prob. 102ECh. 0.2 - Prob. 103ECh. 0.2 - Prob. 104ECh. 0.2 - Prob. 105ECh. 0.2 - Prob. 106ECh. 0.2 - Prob. 107ECh. 0.2 - Prob. 108ECh. 0.2 - Prob. 109ECh. 0.2 - Prob. 110ECh. 0.2 - Prob. 111ECh. 0.2 - Prob. 112ECh. 0.2 - Prob. 113ECh. 0.2 - Prob. 114ECh. 0.2 - Prob. 115ECh. 0.2 - Prob. 116ECh. 0.2 - Prob. 117ECh. 0.2 - Prob. 118ECh. 0.2 - Prob. 119ECh. 0.2 - Prob. 120ECh. 0.3 - Expand each expression in Exercises 122. x(4x+6)Ch. 0.3 - Prob. 2ECh. 0.3 - Prob. 3ECh. 0.3 - Prob. 4ECh. 0.3 - Prob. 5ECh. 0.3 - Prob. 6ECh. 0.3 - Prob. 7ECh. 0.3 - Prob. 8ECh. 0.3 - Prob. 9ECh. 0.3 - Prob. 10ECh. 0.3 - Prob. 11ECh. 0.3 - Prob. 12ECh. 0.3 - Prob. 13ECh. 0.3 - Prob. 14ECh. 0.3 - Prob. 15ECh. 0.3 - Prob. 16ECh. 0.3 - Expand each expression in Exercises 122....Ch. 0.3 - Prob. 18ECh. 0.3 - Prob. 19ECh. 0.3 - Prob. 20ECh. 0.3 - Prob. 21ECh. 0.3 - Prob. 22ECh. 0.3 - Prob. 23ECh. 0.3 - Prob. 24ECh. 0.3 - In Exercises 2330, factor each expression and...Ch. 0.3 - Prob. 26ECh. 0.3 - Prob. 27ECh. 0.3 - Prob. 28ECh. 0.3 - Prob. 29ECh. 0.3 - In Exercises 2330, factor each expression and...Ch. 0.3 - Prob. 31ECh. 0.3 - Prob. 32ECh. 0.3 - Prob. 33ECh. 0.3 - Prob. 34ECh. 0.3 - Prob. 35ECh. 0.3 - In Exercises 3148, (a) factor the given...Ch. 0.3 - Prob. 37ECh. 0.3 - Prob. 38ECh. 0.3 - Prob. 39ECh. 0.3 - In Exercises 3148, (a) factor the given...Ch. 0.3 - Prob. 41ECh. 0.3 - Prob. 42ECh. 0.3 - Prob. 43ECh. 0.3 - Prob. 44ECh. 0.3 - Prob. 45ECh. 0.3 - Prob. 46ECh. 0.3 - Prob. 47ECh. 0.3 - Prob. 48ECh. 0.4 - Prob. 1ECh. 0.4 - Prob. 2ECh. 0.4 - Prob. 3ECh. 0.4 - Prob. 4ECh. 0.4 - Prob. 5ECh. 0.4 - Prob. 6ECh. 0.4 - Prob. 7ECh. 0.4 - Prob. 8ECh. 0.4 - Prob. 9ECh. 0.4 - Prob. 10ECh. 0.4 - Prob. 11ECh. 0.4 - Rewrite each expression in Exercises 116 as a...Ch. 0.4 - Prob. 13ECh. 0.4 - Prob. 14ECh. 0.4 - Prob. 15ECh. 0.4 - Prob. 16ECh. 0.5 - Solve the equations in Exercises 112 for x...Ch. 0.5 - Prob. 2ECh. 0.5 - Prob. 3ECh. 0.5 - Prob. 4ECh. 0.5 - Prob. 5ECh. 0.5 - Prob. 6ECh. 0.5 - Prob. 7ECh. 0.5 - Prob. 8ECh. 0.5 - Prob. 9ECh. 0.5 - Prob. 10ECh. 0.5 - Prob. 11ECh. 0.5 - Solve the equations in Exercises 112 for x...Ch. 0.5 - Prob. 13ECh. 0.5 - Prob. 14ECh. 0.5 - Prob. 15ECh. 0.5 - Prob. 16ECh. 0.5 - Prob. 17ECh. 0.5 - Prob. 18ECh. 0.5 - Prob. 19ECh. 0.5 - Prob. 20ECh. 0.5 - Prob. 21ECh. 0.5 - Prob. 22ECh. 0.5 - Prob. 23ECh. 0.5 - Prob. 24ECh. 0.5 - Prob. 25ECh. 0.5 - Prob. 26ECh. 0.5 - Prob. 27ECh. 0.5 - Prob. 28ECh. 0.5 - Prob. 29ECh. 0.5 - Prob. 30ECh. 0.5 - Prob. 31ECh. 0.5 - Prob. 32ECh. 0.5 - Prob. 33ECh. 0.5 - Prob. 34ECh. 0.5 - Prob. 35ECh. 0.5 - Prob. 36ECh. 0.5 - Find all possible real solutions of each equation...Ch. 0.5 - Prob. 38ECh. 0.5 - Prob. 39ECh. 0.5 - Find all possible real solutions of each equation...Ch. 0.5 - Prob. 41ECh. 0.5 - Prob. 42ECh. 0.5 - Prob. 43ECh. 0.5 - Prob. 44ECh. 0.6 - Prob. 1ECh. 0.6 - Prob. 2ECh. 0.6 - Prob. 3ECh. 0.6 - Prob. 4ECh. 0.6 - Prob. 5ECh. 0.6 - Prob. 6ECh. 0.6 - Prob. 7ECh. 0.6 - Prob. 8ECh. 0.6 - Prob. 9ECh. 0.6 - Prob. 10ECh. 0.6 - Solve the equations in Exercises 126....Ch. 0.6 - Prob. 12ECh. 0.6 - Prob. 13ECh. 0.6 - Prob. 14ECh. 0.6 - Prob. 15ECh. 0.6 - Prob. 16ECh. 0.6 - Prob. 17ECh. 0.6 - Prob. 18ECh. 0.6 - Prob. 19ECh. 0.6 - Prob. 20ECh. 0.6 - Prob. 21ECh. 0.6 - Prob. 22ECh. 0.6 - Prob. 23ECh. 0.6 - Prob. 24ECh. 0.6 - Prob. 25ECh. 0.6 - Prob. 26ECh. 0.7 - Referring to the following figure, determine the...Ch. 0.7 - Prob. 2ECh. 0.7 - Prob. 3ECh. 0.7 - Prob. 4ECh. 0.7 - Prob. 5ECh. 0.7 - Prob. 6ECh. 0.7 - Prob. 7ECh. 0.7 - Prob. 8ECh. 0.7 - Prob. 9ECh. 0.7 - Prob. 10ECh. 0.7 - Prob. 11ECh. 0.7 - Prob. 12ECh. 0.7 - Prob. 13ECh. 0.7 - Prob. 14ECh. 0.7 - Prob. 15ECh. 0.7 - Prob. 16ECh. 0.7 - Prob. 17ECh. 0.7 - Find the value of k such that (k,k) is equidistant...Ch. 0.7 - Describe the set of points (x,y) such that...Ch. 0.7 - Prob. 20ECh. 0.8 - In Exercises 14, complete the given tables....Ch. 0.8 - In Exercises 14, complete the given tables....Ch. 0.8 - In Exercises 14, complete the given tables....Ch. 0.8 - In Exercises 14, complete the given tables....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - Prob. 14ECh. 0.8 - Prob. 15ECh. 0.8 - In Exercises 516, evaluate the given quantity....Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - In Exercises 1728, use the logarithm identities to...Ch. 0.8 - Prob. 23ECh. 0.8 - Prob. 24ECh. 0.8 - Prob. 25ECh. 0.8 - Prob. 26ECh. 0.8 - Prob. 27ECh. 0.8 - Prob. 28ECh. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Prob. 30ECh. 0.8 - Prob. 31ECh. 0.8 - Prob. 32ECh. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Prob. 34ECh. 0.8 - Prob. 35ECh. 0.8 - Prob. 36ECh. 0.8 - Prob. 37ECh. 0.8 - Prob. 38ECh. 0.8 - Prob. 39ECh. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - Let a=log2,b=log3, and c=log7. In Exercises 2946,...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...Ch. 0.8 - In Exercises 4756, solve the given equation for...
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