To produce batteries, a manufacturer uses x units of chemical A and y units of chemical...
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by C= 0.3x2 +9,000. How fast is the cost per month changing when production is changing at the rate of 12 units per month and the production level is 60 units? Costs are at the rate of per month at this production level. (Round to needed.) decreasing increasing
A firm uses two inputs x1 and x2 to produce output y. The production function is given by f(x1, x2) = p min{2x1, x2}. The price of input 1 is 1 and the price of input 2 is 2. The price of output is 10. 4. A firm uses two inputs 21 and 22 to produce output y. The production function is given by f(x1, x2) = V min{2x1, x2}. The price of input 1 is 1 and the price...
A chemical manufacturer produces two products, chemical X and chemical Y. Each product is manufactured by a two-step process that involves blending and mixing in machine A and packaging on machine B. Chemical X provides a $60/unit contribution to profit, while Chemical Y provides a $50 contribution to profit. The processing times for the two products on the mixing machine (A) and the packaging machine (B) are as follows: C Get Homework Hep With ChegxC Get Homework Help With Chego+...
The consumer demand for a certain video game is Q(x,y) = 200 −10x2 + 20xy video games, where x is the price of the video game and y is the price of a different competing video game. Given the price of x is currently $12, the price of y is currently $16, the price of x is decreasing by $0.50 per month, and the price of y is increasing by $0.80 per month. At what rate is the demand for...
The cost function for production of a commodity is C(x) = 335 + 24% - 0.05x2 + 0.0006x3. (a) Find C'(100) Interpret c'(100) This is the rate at which costs are increasing with respect to the production level when x = 100. This is the cost of making 100 items. This is the amount of time, in minutes, it takes to produce 100 items. This is the rate at which the production level is decreasing with respect to the cost...
Q2(a) Find the following derivative of function f(x,y) 0 at point (2, 3). (i) dr dy (2 marks) (ii) dr dx (2 marks) (iii) dxdy (4 marks) (b) Suppose that the volume of water in a tank for time range 0 st 56 is given by function 20) = 10 +51 - (i) Describe, is the volume of water increasing or decreasing at : = 0? (2 marks) (1) Describe, is the volume of water increasing or decreasing at =...
#6 6. A manufacturer uses labor and capital to produce widgets. Labor and capital are perfect substitutes and the production function is Q-2K+IL a. Derive and graph the isoquants for Q-20 and 0-40 units of output (not all units of K will be whole numbers) (20 - 2K+ILK -10-0.5L.) 0-20 LK 040 LK 10 b. Suppose the price of labor is w 51 and the price of capital is for a total cost of $10 and $15. 51. Graph the...
chemical reactioe.de function y-f(r) moels the amount of s Daring a substance present, in pana Al the start of the reaction (0),there are 10 grams of the substance peesenl. The function ) satisfies the differential equation el Use the line tangent to the graph of y-e) ar-oto approsimate the amount of the substance remaining at time2 soconds. (b) Using the given differential equation, determine whether the graph of f could resemble the following graph. Give a reason for your answer...
If nation A can produce 20 units of good X and 16 of good Y while nation B can produce 18 units of X and 12 of Y, A has an absolute advantage in producing both X and Y.
Along a curve showing a linear relationship, for each increase in x of one unit, y changes by the same amount. I drew the curve that you can see on the right, but I'm not sure if it's correct and from which point it should start and where it should end. Please, help asap. Thank you in advance! Draw a negative linear relationship. Label it R. V 10 9 Along a curve showing a linear relationship, for each increase in...