Concept explainers
Refer to Example 3. If labor costs $100 per unit and capital costs $200 per unit, express as a function of two variables,
Example 3
Production in a firm
Suppose that, during a certain time period, the number of units of goods produced when
How many units of goods will be produced by
Show that, whenever the amounts of labor and capital being used are doubled, so is the production. (Economists say that the production function has “constant returns to scale”)
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Chapter 7 Solutions
Calculus & Its Applications
- For allarrow_forward3) If a is a positive number, what is the value of the following double integral? 2a Love Lv 2ay-y² .x2 + y2 dadyarrow_forward16. Solve each of the following equations for x. (a) 42x+1 = 64 (b) 27-3815 (c) 92. 27² = 3-1 (d) log x + log(x - 21) = 2 (e) 3 = 14 (f) 2x+1 = 51-2xarrow_forward
- 11. Find the composition fog and gof for the following functions. 2 (a) f(x) = 2x+5, g(x) = x² 2 (b) f(x) = x²+x, g(x) = √√x 1 (c) f(x) = -1/2) 9 9(x) = х = - Xarrow_forwardpractice problem please help!arrow_forward13. A restaurant will serve a banquet at a cost of $20 per person for the first 50 people and $15 for person for each additional person. (a) Find a function C giving the cost of the banquet depending on the number of people p attending. (b) How many people can attend the banquet for $2000?arrow_forward
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