Question
4.1 1. Let f(x,y)=1753x 2 4y 2 Evaluate f(3,4) note: The square root is for whole numbers, not just the first number 2. Write an
4.1
1. Let f(x,y)=1753x24y2 Evaluate f(3,4)
note: The square root is for whole numbers, not just the first number
2. Write an equation for a sphere centered at the point (-1,-2,-8) with radius 8.
3. Consider the Cobb-Douglas Production function: P(L,K)=21L0.2K0.8 Find the total units of production when L=16 units of labor and K=14 units of capital are invested. (Give your answer to three (3) decimal places, if necessary.) Production = units.
4. The demand functions for two products are given below. p1, p2, q1, and q2 are the prices (in dollars) and quantities for products 1 and 2. {q1=9004p1+3p2
{q2=1100+2P24p2
What is the quantity demanded for each when the price for product 1 is $20 per item and the price for product 2 is $10 per item? Demand for product 1: Demand for product 2:
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Development Economics In The Twenty-First Century
Authors: Claudia Sunna, Davide Gualerzi
1st Edition
1317219961, 9781317219965
