The joint cost (in dollars) for two products is given by C(x, y) = 47 +...
The joint cost function for two products is C(x, y) = XV y2 + 5 dollars. (a) Find the marginal cost with respect to x. - (b) Find the marginal cost with respect to y.
Cariboo Manufacturing Company incurred a joint cost of $759,000 in the production of X and Y in a joint process. Presently, 2,500 of X and 2,100 of Y are being produced each month. Management plans to decrease X's production by 650 units in order to increase the production of Y by 920 units. Additionally, this change will require minor modifications, which will add $51,520 to the joint cost. This cost is entirely attributable to product Y. What is the amount...
Restaurant Products produces two products, X and Y, in a single process. In 2011, the joint costs of this process were $25,000. In addition, 4,000 units of X and 6,000 units of Y were produced. Separable processing costs beyond the split-off point were X - $10,000; Y - $20,000. X sells for $10.00 per unit; Y sells for $7.50 per unit. What amount of joint costs will be allocated to Product X using the physical units method? a. $25,000 b....
x>0,y>0. Problem 6 Consider the following joint pdf for the random variable X and Y where denotes a unit step function. (a) Find the constant C. (b) Find the marginal PDF's of X and Y. (c) Find the conditional PDF's fx(xY-y) and s, (ylX-x) (d) Find the conditional expected values, EX 1 Y = y} and EX X = Problem 6 Consider the following joint pdf for the random variable X and Y where denotes a unit step function. (a)...
+ A consumer finds only three products, X, Y, and Z are for sale. The amount of which the consumption will yield is shown in the table below. Assume that the prices of X Y and are $10.32 and S8, respectively, and that the consumer has an income of $74 to spend Product X Product Y Product (Price $10) (Price $2) (Price $8) Marginal Utility per $ 4.2 Marginal Utility per $ Marginal Utility pers Quantity Utility Quantity Utility Quantity...
Chapter 6 Problem A consumer finds only three products, X, Y, and Z, are for sale. The amount of utility which their consumption will yield is shown in the table below. Assume that the prices of X, Y, and Z are $10, $2, and $8, respectively, and that the consumer has an income of $74 to spend. Product X (Price $10) Product Y (Price $2) Product Z (Price $8) Quantity Utility Marginal Utility per $ Quantity Utility Marginal Utility per...
Let X and Y have a joint probability density function f(x, y) = 6(1 − y), 0 ≤ x ≤ y ≤ 1, =0, elsewhere. (a) Find the marginal density function for X and Y . (b) E[X], E[Y ], and E[X − 3Y ]
. The joint density of the random variables X and Y is given as c f(x,y) = 1 < x <y <3 otherwise 10, i) Find c such that f(x,y) is a valid density function. ii) Set up the calculation for P(X<2, Y> 2). You do not need to compute this value. iii) Find the marginal distribution of X and the marginal distribution of Y.
1. If the joint probability distribution of X and Y is given by f(x, y) for = 1,2,3; y=0,1,2,3 · 42 2. Referring to Exercise 1, find (a) the marginal distribution of X; (b) the marginal distribution of Y. 3. Referring to Exercises 1 and 2, find (a) The expected value of XY. (b) The expected value of X. (c) The expected value of Y (d) The covariance of X and Y (COV(X, Y)). Round your final answer to 3...
Suppose the labor cost (in dollars) for manufacturing a camera can be approximated by L(x,y) = x+y2-Gox - 6x - 3y - 2xy + 182 where x is the number of hours required by a skilled craftsperson and y is the number of hours required by a semiskilled person. Find values of x and y that minimize the labor cost. Find the minimum labor cost. Labor cost will be minimized when x = - and y=0 The minimum labor cost...