Question
You were hired as a head of the R&D team for a new product. Your first task is to assemble a team of up
You were hired as a head of the R&D team for a new product. Your first task is to assemble a team of up to 5 scientists. The following equation represents the number of products as a function of x (% of a part time position) and y (salary). f(x, y) = 8x5 + 4x?y 16xy + 4y2 - 32x Using this equation, the optimal state of % of part time position and salary height can be find with the following conditions: se af 0 and |3D ax Use the Newton method to find the optimal state of % of part time position and salary, with 4 significant figures accuracy after the decimal separator. (you can employ a part time worker as well)
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Economics
Authors: Stephen Slavin
11th Edition
978-0078021800, 0078021804
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