This is the only information I was given in the question.
This is the only information I was given in the question. N(x,y) = 10(x^0.8)(y^0.2) where x...
The Cobb-Douglas production function for a product is N(x,y) = 10(x^0.8)(y^0.2) where x is the number of units of labor and y is the number of units of capital required to produce N units of the product. What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? Nx(x,y) = Nx(40, 50) = Ny(x,y) = Ny(40, 50) = If each unit of labor...
please also find approximate increase! The Cobb Douglas production function for a product is N(XY)-10[0.8)(y^0.2) where is the number of units of labor and y is the number of units of capital required to produce N units of the product, 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 What is the marginal productivity of labor and the marginal productivity of capital? What are they when there...
Need help on some of my calculus homework The Cobb-Douglas production function for a product is N(x,y) = 10(x^0.8)(y^0.2) where x is the number of units of labor and y is the number of units of capital required to produce N units of the product. What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? Nx(x,y) = Nx(40, 50) = Ny(x,y) =...
Sheet1 The Cobb-Douglas production function for a product is NIX.Y) - 10(x*O.B)(y^0.2) where is the number of units of labor and is the number of units of capital required to produce units of the product. What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? NxIx.) Nx (40, 50) = Nyix,y) Ny 40, 50) If each unit of labor costs $100, each...
142 143 144 The Cobb Douglas production function for a product is 145 N(X) - 101X0.8)(y^0.2) 147 148 149 150 where is the number of units of labor and y is the number of units of capital required to produce N units of the product, 151 What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? NxIx,y) - Bly/X)^0.2 Nx(40, SO) 8.4...
A company produces x units of product A and y units of product B (both in hundreds per month). The monthly profit equation (in thousands of dollars) is given by the following: P(x,y) = -4x^2 + 4xy - 3y^2 + 4x + 10y +81 Find P: (x,y) and evaluate P,(1,3). Use formulas to get an exact answer! Px(x,y) = Px(1,3) = What does this value mean? Answer in this textbox. Answer: What is the critical point of P(x,y)? What are...
anyone who understands advanced math, please help! 13 The graph below approximates the rate of change of the price of tomatoes over a 60-month period, where p(t) is the price of a pound of tomatoes and is time (in months). 14 15 16 17 18 19 20 21 22 23 0.07 0.06 p'(t) 0.05 0 15 24 0.04 30 0.06 0 -0.02 0 0.06 25 26 27 0.03 45 p'(t) (dollars per month) 0.02 60 0.01 28 0 0 10...
13.6.17 Question Help The Cobb-Douglas production function for a particular product is N(x,y) = 80x0.8,0.2, where x is the number of units of labor and y is the number of units of capital required to produce N(x, y) units of the product. Each unit of labor costs $40 and each unit of capital costs $120. IF $1,200,000 is budgeted for production of the product, determine how that amount should be allocated to maximize production. Production will be maximized when using...
9) A company that manufactures computers have determined that its production function is given by Pr,y) 500x +800y +3x2ywhere x is the size of the labor force (measured in work-hours per week) and y is the amount of capital (measured in units of $1000) invested. a) Find and interpret P(50, 20) b) Find the Marginal Productivity of Labor when x-40 and y-10 and interpret the results 9) A company that manufactures computers have determined that its production function is given...
19. The product function for a company is given by f(x, y) 100x0.2 у0.7 , where x is the number of units of labor (at $48 per unit) and y is the number of units of capital (at $36 per unit). When the total cost of S100,000 is available for labor and capital, the maximum production level for this company is 147,314 units and the marginal productivity of money is .47314 a. Find the maximum number of units that can...