Concept explainers
(a)
To find:
The table of the values of labor and equipment input Land Kifthe function to calculate the production, Cobb-Douglas function is
(b)
To calculate:
The table of the values of labor and equipment input Land Kifthe function to calculate the production, Cobb-Douglas function is
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APPLIED CALCULUS (WILEY PLUS)
- Grade Point Average In many universities students are given grade points for each credit unit according to the following scale: A 4 points B 3 points C 2 points D 1 point F 0 point For example, a grade of A in a 3-unit course earns 43=12 grade points and a grade of B in a 5-unit course earns 35=15 grade points. A students grade point average GPA for these two courses is the total number of grade points earned divided by the number of units; in this case the GPA is (12+15)8=3.375. a Find a formula for the GPA of a student who earns a grade of A in a units of course work, B in b units, C in c units, D in d units and F in f units. b Find the GPA of a student who has earned a grade of A in two 3-unit courses, B in one 4-unit courses and C in three 3-unit courses.arrow_forwardIn Example 7, find the average speed of the car (a) from t1=0tot2=1 second and (b) from t1=1 second to t2=4 seconds.arrow_forwardGrade Point Average In many universities students are given grade points for each credit unit according to the following scale: A4 points B3 points C2 points D1 points F0 points For example, a grade of A in a 3-unit earns 43=12 grade points and grade points and a grade of B in a 5-unit course earns 35=15 grade points. A student’s grade point average (GPA) for these two courses is the total number of grade points earned divided by the number of units; in this case the GPA is (12+15)/8=3.375 . (a) Find a formula for a GPA of a student who earns a grade A in a units of course work, B in b units; C in c units, D in d units, and F in f units. (b) Find a GPA of a student who has earned a grade of A in two-units courses. B in one 4-unit course, and C in three 3-unit courses.arrow_forward
- The rate of change of an autocatalytic chemical reaction is kQxkx2 where Q is the amount of the original substance, x is the amount of substance formed, and k is a constant of proportionality. Factor the expression.arrow_forwardFind the intensities of earthquakes whose magnitudes are (a) R=6.0 and (b) R=7.9.arrow_forwardThe total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs.Suppose that a manufacturer of widgets has fixed costs of $7000 per month and that the variable cost is $16 per widget (so it costs $16 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of widgets produced in a month.)C = (b) Express using functional notation the total cost if there are 225 widgets produced in a month.C( )Calculate the total cost if there are 225…arrow_forward
- The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs. Suppose that a manufacturer of widgets has fixed costs of $7000 per month and that the variable cost is $16 per widget (so it costs $16 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of widgets produced in a month.) C= (b) Express using functional notation the total cost if there are 200 widgets produced in a month. C( |) Calculate the total cost if there are 200…arrow_forwardThe total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs.The total revenue R for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total revenue, we need to know the selling price per unit of the item. To find the total revenue, we multiply this selling price by the number of items produced.The profit P for a manufacturer is the total revenue minus the total cost. If this number is positive, then the manufacturer turns a profit, whereas if this number is negative, then…arrow_forwardUse the following for the next 2 questions: A company needs to construct a 500,000 square foot warehouse facility to support its growing business. Annual facility maintenance costs are $8 per linear foot of building. Product is received, stored and shipped on pallets. The company estimates that it costs $0.10/foot to transport the pallets to and from storage and that 20,000 pallets of product will be shipped from the facility each year. 1. If the dock is located in the corner of the facility, what is the optimal length and width of the facility? - 504 x 992 feet - 560 x 893 feet - 620 x 806 feet - 379 x 1,319 feet - 460 x 1,087 feet - 410 x 1,220 feet - 789 x 634 feet 2. If the dock is located in the corner of the facility, what is the minimum total material handling and warehouse perimeter costs? - $802,117 - $675,881 - $842,891 - $1,023,969 - $984,062 - $763,703 - $923,719arrow_forward
- The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know two things. The first is the manufacturer's fixed costs. This amount covers expenses such as plant maintenance and insurance, and it is the same no matter how many items are produced. The second thing we need to know is the cost for each unit produced, which is called the variable cost.arrow_forwardA company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle. A. Write the cost function, C, of producing x mountain bikes. C(x) = per month B. Write the average cost function, C, of producing x mountain bikes. C(x) = per month %3D C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike? must be produced each month. Enter your answer in each of the answer boxes.arrow_forwardNeeded in 10 minutes in the order to get positive feedback Needed to be solved this question correctly in 15 minutes and get the thumbs up please show me neat and clean work as soon as possiblearrow_forward
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