Mathematics All Around (6th Edition)
6th Edition
ISBN: 9780134506470
Author: Pirnot
Publisher: PEARSON
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Chapter 5.3, Problem 66E
To determine
To write:
The binary number
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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 5 Solutions
Mathematics All Around (6th Edition)
Ch. 5.1 - Write the Egyptian numerals using Hindu-Arabic...Ch. 5.1 - Write the Egyptian numerals using Hindu-Arabic...Ch. 5.1 - Prob. 3ECh. 5.1 - Write the Egyptian numerals using Hindu-Arabic...Ch. 5.1 - Write each Hindu-Arabic numeral using Egyptian...Ch. 5.1 - Write each Hindu-Arabic numeral using Egyptian...Ch. 5.1 - Prob. 7ECh. 5.1 - Write each Hindu-Arabic numeral using Egyptian...Ch. 5.1 - Prob. 9ECh. 5.1 - Perform each of the following addition problems...
Ch. 5.1 - Prob. 11ECh. 5.1 - Perform each of the following addition problems...Ch. 5.1 - Perform each of the following subtraction problems...Ch. 5.1 - Perform each of the following subtraction problems...Ch. 5.1 - Perform each of the following subtraction problems...Ch. 5.1 - Perform each of the following subtraction problems...Ch. 5.1 - Prob. 17ECh. 5.1 - Use the Egyptian method of doubling to calculate...Ch. 5.1 - Prob. 19ECh. 5.1 - Use the Egyptian method of doubling to calculate...Ch. 5.1 - Prob. 21ECh. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Write each Roman numeral using Hindu-Arabic...Ch. 5.1 - Prob. 31ECh. 5.1 - Write each numeral in Roman notation There may be...Ch. 5.1 - Prob. 33ECh. 5.1 - Write each numeral in Roman notation There may be...Ch. 5.1 - Prob. 35ECh. 5.1 - Write each numeral in Roman notation There may be...Ch. 5.1 - Prob. 37ECh. 5.1 - Write each numeral in Roman notation There may be...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each Chinese numeral as a Hindu-Arabic...Ch. 5.1 - Write each numeral using Chinese numerals. 495Ch. 5.1 - Write each numeral using Chinese numerals. 726Ch. 5.1 - Write each numeral using Chinese numerals. 2,805Ch. 5.1 - Write each numeral using Chinese numerals. 3,926Ch. 5.1 - Write each numeral using Chinese numerals. 9,846Ch. 5.1 - Write each numeral using Chinese numerals. 8,054Ch. 5.1 - The Great Pyramid at Giza was completed in . Write...Ch. 5.1 - Cheops, the builder of the Great Pyramid at Giza,...Ch. 5.1 - An Egyptian merchant has a warehouse that contains...Ch. 5.1 - An ancient Egyptian merchant had on hand bushels...Ch. 5.1 - Using Egyptian notation, the number 100,...Ch. 5.1 - Using Egyptian notation, the number 100,...Ch. 5.1 - Using Egyptian notation, the number 100,...Ch. 5.1 - Using Egyptian notation, the number 100,...Ch. 5.1 - The emperor Aurelius Constantine, who lived from...Ch. 5.1 - By 285ad, the Roman Empire had become so vast that...Ch. 5.1 - Frequently, Roman numerals are used today in movie...Ch. 5.1 - Prob. 62ECh. 5.1 - Prob. 63ECh. 5.1 - Frequently, Roman numerals are used today in movie...Ch. 5.1 - The counting boards In Exercises 6568 show...Ch. 5.1 - The counting boards In Exercises 6568 show...Ch. 5.1 - The counting boards In Exercises 6568 show...Ch. 5.1 - The counting boards In Exercises 6568 show...Ch. 5.1 - The oldest discovery of Chinese written numerals...Ch. 5.1 - When Marco Polo visited China in 1274, he was...Ch. 5.1 - Explain two advantages of the Roman numeration...Ch. 5.1 - The Roman numeration system has symbols for 5,50,...Ch. 5.1 - The traditional Chinese numeration system had no...Ch. 5.1 - Research the Ionic Greek numeration system, which...Ch. 5.1 - In the Egyptian numeration system, whenever we...Ch. 5.1 - Suppose that Egyptian numeration was based on 5...Ch. 5.1 - Invent an Egyptian type of numeration system using...Ch. 5.1 - Write the number 1,999 in Roman numerals in as...Ch. 5.1 - Egyptian mathematics had a unique way of writing...Ch. 5.1 - Egyptian mathematics had a unique way of writing...Ch. 5.1 - Egyptian mathematics had a unique way of writing...Ch. 5.1 - Egyptian mathematics had a unique way of writing...Ch. 5.2 - Write the following Babylonian numerals as...Ch. 5.2 - Write the following Babylonian numerals as...Ch. 5.2 - Write the following Babylonian numerals as...Ch. 5.2 - Write the following Babylonian numerals as...Ch. 5.2 - Write each number using Babylonian notation. 8,235Ch. 5.2 - Write each number using Babylonian notation. 7,331Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Write each number using Babylonian notation....Ch. 5.2 - Translate each of the following Mayan numerals to...Ch. 5.2 - Translate each of the following Mayan numerals to...Ch. 5.2 - Translate each of the following Mayan numerals to...Ch. 5.2 - Translate each of the following Mayan numerals to...Ch. 5.2 - Write each number using Mayan notation. 17Ch. 5.2 - Write each number using Mayan notation. 48Ch. 5.2 - Prob. 19ECh. 5.2 - Prob. 20ECh. 5.2 - Prob. 21ECh. 5.2 - Prob. 22ECh. 5.2 - Prob. 23ECh. 5.2 - Prob. 24ECh. 5.2 - Prob. 25ECh. 5.2 - Prob. 26ECh. 5.2 - Prob. 27ECh. 5.2 - Prob. 28ECh. 5.2 - Prob. 29ECh. 5.2 - Prob. 30ECh. 5.2 - Prob. 31ECh. 5.2 - Prob. 32ECh. 5.2 - Prob. 33ECh. 5.2 - Prob. 34ECh. 5.2 - Prob. 35ECh. 5.2 - Prob. 36ECh. 5.2 - Prob. 37ECh. 5.2 - Prob. 38ECh. 5.2 - Prob. 39ECh. 5.2 - Prob. 40ECh. 5.2 - Prob. 41ECh. 5.2 - Prob. 42ECh. 5.2 - Prob. 43ECh. 5.2 - Prob. 44ECh. 5.2 - Prob. 45ECh. 5.2 - Prob. 46ECh. 5.2 - Prob. 47ECh. 5.2 - Prob. 48ECh. 5.2 - Prob. 49ECh. 5.2 - Prob. 50ECh. 5.2 - Prob. 51ECh. 5.2 - Prob. 52ECh. 5.2 - Prob. 53ECh. 5.2 - Prob. 54ECh. 5.2 - Prob. 55ECh. 5.2 - Prob. 56ECh. 5.2 - Prob. 57ECh. 5.2 - Prob. 58ECh. 5.2 - Prob. 59ECh. 5.2 - Prob. 60ECh. 5.2 - Prob. 61ECh. 5.2 - Prob. 62ECh. 5.2 - Prob. 63ECh. 5.2 - Prob. 64ECh. 5.2 - Prob. 65ECh. 5.2 - Prob. 66ECh. 5.2 - Prob. 67ECh. 5.2 - Prob. 68ECh. 5.2 - Prob. 69ECh. 5.2 - Prob. 70ECh. 5.2 - Prob. 71ECh. 5.2 - Prob. 72ECh. 5.2 - Prob. 73ECh. 5.2 - Prob. 74ECh. 5.2 - Prob. 75ECh. 5.2 - Prob. 76ECh. 5.2 - Prob. 77ECh. 5.2 - Prob. 78ECh. 5.2 - Prob. 79ECh. 5.2 - Prob. 80ECh. 5.3 - Prob. 1ECh. 5.3 - Prob. 2ECh. 5.3 - Prob. 3ECh. 5.3 - Prob. 4ECh. 5.3 - Prob. 5ECh. 5.3 - Prob. 6ECh. 5.3 - Prob. 7ECh. 5.3 - Prob. 8ECh. 5.3 - Prob. 9ECh. 5.3 - Prob. 10ECh. 5.3 - Prob. 11ECh. 5.3 - Prob. 12ECh. 5.3 - Prob. 13ECh. 5.3 - Prob. 14ECh. 5.3 - Prob. 15ECh. 5.3 - Prob. 16ECh. 5.3 - Prob. 17ECh. 5.3 - Prob. 18ECh. 5.3 - Prob. 19ECh. 5.3 - Prob. 20ECh. 5.3 - Prob. 21ECh. 5.3 - Prob. 22ECh. 5.3 - Prob. 23ECh. 5.3 - Prob. 24ECh. 5.3 - Prob. 25ECh. 5.3 - Prob. 26ECh. 5.3 - Prob. 27ECh. 5.3 - Prob. 28ECh. 5.3 - Prob. 29ECh. 5.3 - Prob. 30ECh. 5.3 - Prob. 31ECh. 5.3 - Prob. 32ECh. 5.3 - Prob. 33ECh. 5.3 - Prob. 34ECh. 5.3 - Prob. 35ECh. 5.3 - Prob. 36ECh. 5.3 - Prob. 37ECh. 5.3 - Prob. 38ECh. 5.3 - Prob. 39ECh. 5.3 - Prob. 40ECh. 5.3 - Prob. 41ECh. 5.3 - Prob. 42ECh. 5.3 - Prob. 43ECh. 5.3 - Prob. 44ECh. 5.3 - Prob. 45ECh. 5.3 - Prob. 46ECh. 5.3 - Prob. 47ECh. 5.3 - Prob. 48ECh. 5.3 - Prob. 49ECh. 5.3 - Prob. 50ECh. 5.3 - Prob. 51ECh. 5.3 - Prob. 52ECh. 5.3 - Prob. 53ECh. 5.3 - Prob. 54ECh. 5.3 - Prob. 55ECh. 5.3 - Prob. 56ECh. 5.3 - Prob. 57ECh. 5.3 - Prob. 58ECh. 5.3 - Prob. 59ECh. 5.3 - Prob. 60ECh. 5.3 - Prob. 61ECh. 5.3 - Prob. 62ECh. 5.3 - Prob. 63ECh. 5.3 - Prob. 64ECh. 5.3 - Prob. 65ECh. 5.3 - Prob. 66ECh. 5.3 - Prob. 67ECh. 5.3 - Prob. 68ECh. 5.3 - Prob. 69ECh. 5.3 - Prob. 70ECh. 5.3 - Prob. 71ECh. 5.3 - Prob. 72ECh. 5.3 - Prob. 73ECh. 5.3 - Prob. 74ECh. 5.3 - Prob. 75ECh. 5.3 - Prob. 76ECh. 5.3 - Prob. 77ECh. 5.3 - Prob. 78ECh. 5.3 - Prob. 79ECh. 5.3 - Prob. 80ECh. 5.3 - Prob. 81ECh. 5.3 - Prob. 82ECh. 5.3 - Prob. 83ECh. 5.3 - Prob. 84ECh. 5.3 - Prob. 85ECh. 5.3 - Prob. 86ECh. 5.3 - Prob. 87ECh. 5.3 - Prob. 88ECh. 5.3 - Prob. 89ECh. 5.3 - Prob. 90ECh. 5.3 - Prob. 91ECh. 5.3 - Prob. 92ECh. 5.3 - Prob. 93ECh. 5.3 - Prob. 94ECh. 5.3 - Prob. 95ECh. 5.3 - Prob. 96ECh. 5.3 - Prob. 97ECh. 5.3 - Prob. 98ECh. 5.3 - Prob. 99ECh. 5.3 - Prob. 100ECh. 5.3 - Prob. 101ECh. 5.3 - Prob. 102ECh. 5.4 - Prob. 1ECh. 5.4 - Prob. 2ECh. 5.4 - Prob. 3ECh. 5.4 - Prob. 4ECh. 5.4 - Prob. 5ECh. 5.4 - Prob. 6ECh. 5.4 - Prob. 7ECh. 5.4 - Prob. 8ECh. 5.4 - Prob. 9ECh. 5.4 - Prob. 10ECh. 5.4 - Prob. 11ECh. 5.4 - Prob. 12ECh. 5.4 - Prob. 13ECh. 5.4 - Prob. 14ECh. 5.4 - Prob. 15ECh. 5.4 - Prob. 16ECh. 5.4 - Prob. 17ECh. 5.4 - Prob. 18ECh. 5.4 - Prob. 19ECh. 5.4 - Prob. 20ECh. 5.4 - Prob. 21ECh. 5.4 - Prob. 22ECh. 5.4 - Prob. 23ECh. 5.4 - Prob. 24ECh. 5.4 - Prob. 25ECh. 5.4 - Prob. 26ECh. 5.4 - Prob. 27ECh. 5.4 - Prob. 28ECh. 5.4 - Prob. 29ECh. 5.4 - Prob. 30ECh. 5.4 - Prob. 31ECh. 5.4 - Prob. 32ECh. 5.4 - Prob. 33ECh. 5.4 - Prob. 34ECh. 5.4 - Prob. 35ECh. 5.4 - Prob. 36ECh. 5.4 - Prob. 37ECh. 5.4 - Prob. 38ECh. 5.4 - Prob. 39ECh. 5.4 - Prob. 40ECh. 5.4 - Prob. 41ECh. 5.4 - Prob. 42ECh. 5.4 - Prob. 43ECh. 5.4 - Prob. 44ECh. 5.4 - Prob. 45ECh. 5.4 - Prob. 46ECh. 5.4 - Prob. 47ECh. 5.4 - Prob. 48ECh. 5.4 - Prob. 49ECh. 5.4 - Prob. 50ECh. 5.4 - Prob. 51ECh. 5.4 - Prob. 52ECh. 5.4 - Prob. 53ECh. 5.4 - Prob. 54ECh. 5.4 - Prob. 55ECh. 5.4 - Prob. 56ECh. 5.4 - a. Why are check digits important? Give an...Ch. 5.4 - Prob. 58ECh. 5.4 - Prob. 59ECh. 5.4 - Prob. 60ECh. 5.4 - Prob. 61ECh. 5.4 - Prob. 62ECh. 5.4 - Prob. 63ECh. 5.4 - Challenge Yourself When we do usual division of...Ch. 5.4 - Prob. 65ECh. 5.CR - Prob. 1CRCh. 5.CR - Prob. 2CRCh. 5.CR - Prob. 3CRCh. 5.CR - Prob. 4CRCh. 5.CR - Prob. 5CRCh. 5.CR - Prob. 6CRCh. 5.CR - Prob. 7CRCh. 5.CR - Prob. 8CRCh. 5.CR - Prob. 9CRCh. 5.CR - Prob. 10CRCh. 5.CR - Prob. 11CRCh. 5.CR - Prob. 12CRCh. 5.CR - Prob. 13CRCh. 5.CR - Prob. 14CRCh. 5.CR - Prob. 15CRCh. 5.CR - Prob. 16CRCh. 5.CR - Prob. 17CRCh. 5.CR - Prob. 18CRCh. 5.CR - Prob. 19CRCh. 5.CR - Prob. 20CRCh. 5.CR - Prob. 21CRCh. 5.CR - Prob. 22CRCh. 5.CR - Prob. 23CRCh. 5.CT - Write 3,685 in Roman notation.Ch. 5.CT - Prob. 2CTCh. 5.CT - Write 2647 and A3E16 as base-10 numerals.Ch. 5.CT - Prob. 4CTCh. 5.CT - Prob. 5CTCh. 5.CT - Prob. 6CTCh. 5.CT - Prob. 7CTCh. 5.CT - Prob. 8CTCh. 5.CT - Prob. 9CTCh. 5.CT - Prob. 10CTCh. 5.CT - Prob. 11CTCh. 5.CT - Prob. 12CTCh. 5.CT - Prob. 13CTCh. 5.CT - Prob. 14CTCh. 5.CT - Prob. 15CTCh. 5.CT - Prob. 16CTCh. 5.CT - Prob. 17CTCh. 5.CT - Prob. 18CTCh. 5.CT - Prob. 19CTCh. 5.CT - Prob. 20CTCh. 5.CT - Prob. 21CTCh. 5.CT - Prob. 22CT
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