CALCULUS+ITS APPLICATIONS
15th Edition
ISBN: 9780137590612
Author: Goldstein
Publisher: RENT PEARS
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Chapter 10.4, Problem 11E
(a)
To determine
A
(b)
To determine
A demand function, given
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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 10 Solutions
CALCULUS+ITS APPLICATIONS
Ch. 10.1 - Show that any function of the form y=Aet3/3, where...Ch. 10.1 - If the function f(t) is a solution of the...Ch. 10.1 - Prob. 3CYUCh. 10.1 - Show that the function f(t)=32et212 is a solution...Ch. 10.1 - Show that the function f(t)=t212 is a solution of...Ch. 10.1 - Show that the function f(t)=5e2t satisfies...Ch. 10.1 - Show that the function f(t)=(et+1)1 satisfies...Ch. 10.1 - Prob. 5ECh. 10.1 - Prob. 6ECh. 10.1 - Is the constant function f(t)=3 a solution of the...
Ch. 10.1 - Prob. 8ECh. 10.1 - Find a constant solution of y=t2y5t2.Ch. 10.1 - Prob. 10ECh. 10.1 - Prob. 11ECh. 10.1 - Prob. 12ECh. 10.1 - Prob. 13ECh. 10.1 - Prob. 14ECh. 10.1 - Prob. 15ECh. 10.1 - Savings Account Let f(t) be the balance in a...Ch. 10.1 - Spread of News A certain piece of news is being...Ch. 10.1 - Paramecium Growth Let f(t) be the size of...Ch. 10.1 - Rate of Net Investment Let f(t) denote the amount...Ch. 10.1 - Newtons Law of Cooling A cool object is placed in...Ch. 10.1 - Carbon Dioxide Diffusion in Lungs during Breath...Ch. 10.1 - Slope Field The slope field in Fig4(a) suggests...Ch. 10.1 - Prob. 23ECh. 10.1 - On the slope field in Fig5(a), or a copy of it,...Ch. 10.1 - Prob. 25ECh. 10.1 - On the slope field in Fig4(a), or a copy of it,...Ch. 10.1 - Prob. 27ECh. 10.1 - Prob. 28ECh. 10.1 - Prob. 29ECh. 10.1 - Prob. 30ECh. 10.1 - Technology Exercise Consider the differential...Ch. 10.1 - Technology Exercise The function f(t)=50001+49et...Ch. 10.2 - Solve the initial-value problem y=5y,y(0)=2, by...Ch. 10.2 - Solve y=ty,y(1)=4.Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Prob. 8ECh. 10.2 - Prob. 9ECh. 10.2 - Solve the following differential equations:...Ch. 10.2 - Solve the following differential equations:...Ch. 10.2 - Prob. 12ECh. 10.2 - Prob. 13ECh. 10.2 - Solve the following differential equations:...Ch. 10.2 - Prob. 15ECh. 10.2 - Prob. 16ECh. 10.2 - Prob. 17ECh. 10.2 - Prob. 18ECh. 10.2 - Solve the following differential equations with...Ch. 10.2 - Solve the following differential equations with...Ch. 10.2 - Solve the following differential equations with...Ch. 10.2 - Solve the following differential equations with...Ch. 10.2 - Prob. 23ECh. 10.2 - Solve the following differential equations with...Ch. 10.2 - Prob. 25ECh. 10.2 - Prob. 26ECh. 10.2 - Solve the following differential equations with...Ch. 10.2 - Solve the following differential equations with...Ch. 10.2 - Prob. 29ECh. 10.2 - Prob. 30ECh. 10.2 - Prob. 31ECh. 10.2 - Prob. 32ECh. 10.2 - Probability of AccidentsLet t represent the total...Ch. 10.2 - Amount of Information LearnedIn certain learning...Ch. 10.2 - Prob. 35ECh. 10.2 - Prob. 36ECh. 10.2 - Prob. 37ECh. 10.2 - Rate of DecompositionWhen a certain liquid...Ch. 10.2 - Prob. 39ECh. 10.2 - Prob. 40ECh. 10.3 - Using an integrating factor, solve y+y=1+et.Ch. 10.3 - Find an integrating factor for the differential...Ch. 10.3 - Find an integrating factor for an equation:...Ch. 10.3 - Find an integrating factor for an equation:...Ch. 10.3 - Find an integrating factor for an equation:...Ch. 10.3 - Find an integrating factor for an equation:...Ch. 10.3 - Find an integrating factor for the equation:...Ch. 10.3 - Find an integrating factor for the equation:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the equation using an integrating factor:...Ch. 10.3 - Solve the initial value problem: y+2y=1,y(0)=1.Ch. 10.3 - Solve the initial value problem:...Ch. 10.3 - Solve the initial value problem:...Ch. 10.3 - Solve the initial value problem: y=2(10y),y(0)=1.Ch. 10.3 - Solve the initial value problem: y+y=e2t,y(0)=1.Ch. 10.3 - Solve the initial value problem: tyy=1,y(1)=1,t0.Ch. 10.3 - Solve the initial value problem:...Ch. 10.3 - Solve the initial value problem:...Ch. 10.3 - Consider the initial value problem...Ch. 10.4 - Solutions can be found following the section...Ch. 10.4 - A Retirement Account refer toExample 1 a. How fast...Ch. 10.4 - Prob. 2ECh. 10.4 - A Retirement Account A person planning for her...Ch. 10.4 - A Savings Account A person deposits 10,000 in bank...Ch. 10.4 - Prob. 5ECh. 10.4 - Prob. 6ECh. 10.4 - Aperson took out a loan of 100,000 from a bank...Ch. 10.4 - Car Prices in 2012 The National Automobile Dealers...Ch. 10.4 - New Home Prices in 2012 The Federal Housing...Ch. 10.4 - Answer parts (a), (b), and (c) of Exercise 9 if...Ch. 10.4 - Prob. 11ECh. 10.4 - Find the demand function if the elasticity of...Ch. 10.4 - Temperature of a Steel Rod When a red-hot steel...Ch. 10.4 - Prob. 14ECh. 10.4 - Determining the Time of Death A body was found in...Ch. 10.4 - Prob. 16ECh. 10.4 - Prob. 17ECh. 10.4 - Prob. 18ECh. 10.4 - Prob. 19ECh. 10.4 - Radioactive Decay Radium 226 is a radioactive...Ch. 10.4 - In Exercises 2125, solving the differential...Ch. 10.4 - Prob. 22ECh. 10.4 - In Exercises 2125, solving the differential...Ch. 10.4 - Prob. 24ECh. 10.4 - Prob. 25ECh. 10.4 - Technology Exercise Therapeutic Level of a Drug A...Ch. 10.5 - Consider the differential equation y=g(y) where...Ch. 10.5 - Prob. 2CYUCh. 10.5 - Prob. 3CYUCh. 10.5 - Prob. 4CYUCh. 10.5 - Exercise 1-6 review concepts that are important in...Ch. 10.5 - Prob. 2ECh. 10.5 - Prob. 3ECh. 10.5 - Prob. 4ECh. 10.5 - Prob. 5ECh. 10.5 - Prob. 6ECh. 10.5 - One or more initial conditions are given for each...Ch. 10.5 - One or more initial conditions are given for each...Ch. 10.5 - One or more initial conditions are given for each...Ch. 10.5 - One or more initial conditions are given for each...Ch. 10.5 - Prob. 11ECh. 10.5 - Prob. 12ECh. 10.5 - Prob. 13ECh. 10.5 - Prob. 14ECh. 10.5 - Prob. 15ECh. 10.5 - Prob. 16ECh. 10.5 - One or more initial conditions are given for each...Ch. 10.5 - Prob. 18ECh. 10.5 - Prob. 19ECh. 10.5 - Prob. 20ECh. 10.5 -
Ch. 10.5 - Prob. 22ECh. 10.5 - Prob. 23ECh. 10.5 - Prob. 24ECh. 10.5 - Prob. 25ECh. 10.5 -
Ch. 10.5 - Prob. 27ECh. 10.5 - Prob. 28ECh. 10.5 - Prob. 29ECh. 10.5 - Prob. 30ECh. 10.5 - Prob. 31ECh. 10.5 - Prob. 32ECh. 10.5 - Prob. 33ECh. 10.5 - , where , and
Ch. 10.5 - Prob. 35ECh. 10.5 - Prob. 36ECh. 10.5 - Growth of a plant Suppose that, once a sunflower...Ch. 10.5 - Prob. 38ECh. 10.5 - Technology Exercises
Draw the graph of, and use...Ch. 10.5 - Technology Exercises Draw the graph of...Ch. 10.6 - Refer to Example 4, involving the flow of...Ch. 10.6 - Prob. 2CYUCh. 10.6 - In Exercises 1- 4, you are given a logistic...Ch. 10.6 - Prob. 2ECh. 10.6 - In Exercises 1- 4, you are given a logistic...Ch. 10.6 - Prob. 4ECh. 10.6 - Answer part (a) in Example 2, if the pond was...Ch. 10.6 - Prob. 6ECh. 10.6 - Social Diffusion For information being spread by...Ch. 10.6 - Gravity At one point in his study of a falling...Ch. 10.6 - Autocatalytic Reaction In an autocatalytic...Ch. 10.6 - Drying A porous material dries outdoors at a rate...Ch. 10.6 - Movement of Solutes through a Cell Membrane Let c...Ch. 10.6 - Bacteria Growth An experimenter reports that a...Ch. 10.6 - Chemical Reaction Suppose that substance A is...Ch. 10.6 - War Fever L. F. Richardson proposed the following...Ch. 10.6 - Capital Investment Model In economic theory, the...Ch. 10.6 - 16. Evans Price Adjustment Model Consider a...Ch. 10.6 - Fish Population with Harvesting The fish...Ch. 10.6 - Continuous Annuity A continuous annuity is a...Ch. 10.6 - Savings Account with Deposits A company wishes to...Ch. 10.6 - Savings Account A company arranges to make...Ch. 10.6 - Amount of CO2 in a Room The air in a crowded room...Ch. 10.6 - Elimination of a Drug from the Bloodstream A...Ch. 10.6 - Elimination of a Drug A single dose of iodine is...Ch. 10.6 - Litter in a Forest Show that the mathematical...Ch. 10.6 - Population Model In the study of the effect of...Ch. 10.7 - Prob. 1CYUCh. 10.7 - Prob. 2CYUCh. 10.7 - Prob. 1ECh. 10.7 - Prob. 2ECh. 10.7 - Prob. 3ECh. 10.7 - Prob. 4ECh. 10.7 - Prob. 5ECh. 10.7 - Prob. 6ECh. 10.7 - Use Eulers method with n=4 to approximate the...Ch. 10.7 - Let be the solution of , Use Euler’s method with...Ch. 10.7 - Prob. 9ECh. 10.7 - Prob. 10ECh. 10.7 - Suppose that the consumer Products Safety...Ch. 10.7 -
12. Rate of evaporation The Los Angeles plans to...Ch. 10.7 - Prob. 13ECh. 10.7 - The differential equation y=0.5(1y)(4y) has five...Ch. 10.7 - Prob. 15ECh. 10.7 - Prob. 16ECh. 10 - What is a differential equation?Ch. 10 - Prob. 2FCCECh. 10 - Prob. 3FCCECh. 10 - Prob. 4FCCECh. 10 - Prob. 5FCCECh. 10 - Prob. 6FCCECh. 10 - Prob. 7FCCECh. 10 - Prob. 8FCCECh. 10 - Prob. 9FCCECh. 10 - Prob. 10FCCECh. 10 - Prob. 11FCCECh. 10 - Prob. 12FCCECh. 10 - Describe Eulers method for approximating the...Ch. 10 - Prob. 1RECh. 10 - Prob. 2RECh. 10 - Prob. 3RECh. 10 - Prob. 4RECh. 10 - Prob. 5RECh. 10 - Prob. 6RECh. 10 - Prob. 7RECh. 10 - Solve the differential equation in Exercises 1-10....Ch. 10 - Prob. 9RECh. 10 - Prob. 10RECh. 10 - Prob. 11RECh. 10 - Let P(t) denote the price in dollars of a certain...Ch. 10 - Prob. 13RECh. 10 - Prob. 14RECh. 10 - Prob. 15RECh. 10 - Prob. 16RECh. 10 - Prob. 17RECh. 10 - Prob. 18RECh. 10 - Prob. 19RECh. 10 - Sketch the solutions of the differential equations...Ch. 10 - Sketch the solutions of the differential equations...Ch. 10 - Prob. 22RECh. 10 - Prob. 23RECh. 10 - Prob. 24RECh. 10 - Prob. 25RECh. 10 - Suppose that in a chemical reaction, each gram of...Ch. 10 - Prob. 27RECh. 10 - Prob. 28RECh. 10 - Let f(t) be the solution to y=2e2ty,y(0)=0. Use...Ch. 10 - Prob. 30RECh. 10 - Prob. 31RECh. 10 - Prob. 32RE
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