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Can someone help with any of these? DETAILS HARMATHAP12 14.3.001. MY NOTES ASK YOUR TEAC The cost (in dollars) of manufacturing one item is given
Can someone help with any of these?
DETAILS HARMATHAP12 14.3.001. MY NOTES ASK YOUR TEAC The cost (in dollars) of manufacturing one item is given by C(x,y) = 10 + 7x + 61/ where x is the cost of 1 hour of labor and y is the cost of 1 pound of material. (a) If the hourly cost of labor is $15, and the material costs $3 per pound, what is the cost of manufacturing one of these items? $ (b) Find the partial derivative of C with respect to x. Interpret the partial derivative of C with respect to x. The cost (in dollars) of manufacturing one item will increase by $7 for a $1 increase in x if y is held constant. The cost (in dollars) of manufacturing one item will increase by $7 for a $1 increase in y ifx is held constant. The cost (in dollars) of manufacturing one item will increase by $10 for a $1 increase in x ify is held constant. The cost (in dollars) of manufacturing one item will increase by $6 for a $1 increase in y ifx is held constant. The cost (in dollars) of manufacturing one item will increase by $6 for a $1 increase in x if y is held constant. DETAILS HARMATHAP12 14.3.01 1. MY NOTES ASK YOUR TEAC Suppose that the joint cost function for two products is 60:, y) = 1100 |n(xy + 2) + 13,000 dollars. (a) Find the marginal oost with respect to x. E (b) Find the marginal cost with respect to y. E DETAILS HARMATHAP12 14.3.013.MI. MY NOTES ASK YOUR TEAC Suppose that the production function for a product is z = 4x , where x represents the number or work-hours per month and y is the number of available machines. (a) Determine the marginal productivity ofx. E (b) Determine the marginal productivity of y. EStep by Step Solution
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