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72 Partial Derivatives: Problem 17 Previous Problem List Next (1 point) A manufacturer estimates that the annual output...
72 Partial Derivatives: Problem 16 Next Previous Problem List (1 point) Suppose the f(x, y) is a smooth function and th...
72 Partial Derivatives: Problem 16 Next Previous Problem List (1 point) Suppose the f(x, y) is a smooth function and that its partial derivatives have the values, f(0,-4) 5 and f,(0, -4) =-1. Given that f(0,-4) = 0, use this information to estimate the value of f(1,-3) Note this is analogous to finding the tangent line approximation to a function of one variable. In fancy terms, it is the first Taylor approximation. Estimate of (integer value) f(1,-3)
72 Partial Derivatives:...
1. Suppose a firm is producing output according to Q=1001KL. A. Draw a sketch of this...
1. Suppose a firm is producing output according to Q=1001KL. A. Draw a sketch of this firm's isoquant map B. What equation do you use to find a cost-minimizing combination of inputs for a certain output level Q.? K C. The marginal products of labor and capital are given by MP, = 50, and L MPK = 50, L respectively. The price of labor is $5 per unit, and the price of K capital is $20 per unit. What is...
2) Consider the following production function for shirts: q=13/4K1/4, where L is worker-hours, and K is...
2) Consider the following production function for shirts: q=13/4K1/4, where L is worker-hours, and K is sewing machine-hours. The cost of one hour of labor L is w The cost of renting a sewing machine for one hour is r. What type of returns to scale does this production function have? a) b) Compute the marginal product of labor L and marginal product of capital K. What is the marginal rate of technical substitution of labor for capital .e. how...
HW4 2: Problem 10 Previous Problem List Next (1 point) Oil leaks from a tank. At...
HW4 2: Problem 10 Previous Problem List Next (1 point) Oil leaks from a tank. At hour t = 0 there are 220 gallons of oil in the tank. Each hour after that, 7% of the oil leaks out. (a) What percent of the original 220 gallons has leaked out after 11 hours? (b) If Q(t) = Qoek is the quantity of oil remaining after t hours, find the value of k. k = (c) What does k tell you...
Week 6: Problem 24 Previous Problem Problem List Next Problem (1 point) Find the centroid (x, у) of the region bounded by y = 7x2 + 72, and x = 5. y = 0, x = 0, 95/24 y95/24 Note: You can earn partia...
Week 6: Problem 24 Previous Problem Problem List Next Problem (1 point) Find the centroid (x, у) of the region bounded by y = 7x2 + 72, and x = 5. y = 0, x = 0, 95/24 y95/24 Note: You can earn partial credit on this problem
Week 6: Problem 24 Previous Problem Problem List Next Problem (1 point) Find the centroid (x, у) of the region bounded by y = 7x2 + 72, and x = 5. y...
NYY is a winter jacket manufacturer company with manufacturing facilities in the U.S.A. Winter jacket demand...
NYY is a winter jacket manufacturer company with manufacturing facilities in the U.S.A. Winter jacket demand is seasonal peaking in the winter as the temperatures along the East Coast dipping well below zero. Production of winter jackets requires some certain amount of work and NYY jacket manufacturer has multiple options to handle seasonal demand. The first option is NYY can prefer to increase number of workers by adding workers during the peak season. Second option is NYY can subcontract out...
macoroeconomics 1. Society as a whole faces opportunity costs because a. there is not enough money to go around...
macoroeconomics
1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
72 Partial Derivatives: Problem 16 Next Previous Problem List (1 point) Suppose the f(x, y) is a smooth function and that its partial derivatives have the values, f(0,-4) 5 and f,(0, -4) =-1. Given that f(0,-4) = 0, use this information to estimate the value of f(1,-3) Note this is analogous to finding the tangent line approximation to a function of one variable. In fancy terms, it is the first Taylor approximation. Estimate of (integer value) f(1,-3)
72 Partial Derivatives:...
1. Suppose a firm is producing output according to Q=1001KL. A. Draw a sketch of this firm's isoquant map B. What equation do you use to find a cost-minimizing combination of inputs for a certain output level Q.? K C. The marginal products of labor and capital are given by MP, = 50, and L MPK = 50, L respectively. The price of labor is $5 per unit, and the price of K capital is $20 per unit. What is...
2) Consider the following production function for shirts: q=13/4K1/4, where L is worker-hours, and K is sewing machine-hours. The cost of one hour of labor L is w The cost of renting a sewing machine for one hour is r. What type of returns to scale does this production function have? a) b) Compute the marginal product of labor L and marginal product of capital K. What is the marginal rate of technical substitution of labor for capital .e. how...
HW4 2: Problem 10 Previous Problem List Next (1 point) Oil leaks from a tank. At hour t = 0 there are 220 gallons of oil in the tank. Each hour after that, 7% of the oil leaks out. (a) What percent of the original 220 gallons has leaked out after 11 hours? (b) If Q(t) = Qoek is the quantity of oil remaining after t hours, find the value of k. k = (c) What does k tell you...
Week 6: Problem 24 Previous Problem Problem List Next Problem (1 point) Find the centroid (x, у) of the region bounded by y = 7x2 + 72, and x = 5. y = 0, x = 0, 95/24 y95/24 Note: You can earn partial credit on this problem
Week 6: Problem 24 Previous Problem Problem List Next Problem (1 point) Find the centroid (x, у) of the region bounded by y = 7x2 + 72, and x = 5. y...
macoroeconomics
1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....
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