Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the first partial derivatives (af lax and af /ay) of each. 8. f(x,y)=2x-2y + 2x-3y+4-x.y+x.y 10 f(x,y)=er+3y-2x+3y 9 f(x,y)=e* -In (y) 11. The

image text in transcribed 

Determine the first partial derivatives (af lax and af /ay) of each. 8. f(x,y)=2x-2y + 2x-3y+4-x.y+x.y 10 f(x,y)=er+3y-2x+3y 9 f(x,y)=e* -In (y) 11. The monthly profit (in dollars) of Bond and Barker Department Store depends on the level of inventory x (in thousands of dollars) and the floor space y (in thousands of square feet) available for display of the merchandise, as given by the equation P(x,y)=-0.02x-15y + xy +39x+25y-20,000 Computer Op/ax and OP/oy when x = 4000 and y = 150. Interpret the results. Repeat with x = 5000 and y = 150 12. The productivity of a country is given by f(x,y)=15.14x0.438 0.562, where x is the amount of labor and y is the amount of capital. Does this represent a Cobb-Douglas Function? Why or why not? b. Determine the partial derivatives f, and f,, then evaluate when x = 69 and y = 53. c. Interpret the results. Is it better to increase labor or capital by one unit? a.

Step by Step Solution

3.49 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Mathematics questions

Question

APA sample research report

Answered: 1 week ago

Question

What is Accounting?

Answered: 1 week ago

Question

Define organisation chart

Answered: 1 week ago

Question

What are the advantages of planning ?

Answered: 1 week ago

Question

Explain the factors that determine the degree of decentralisation

Answered: 1 week ago

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the regulation of the secretions of the small intestine.

Answered: 1 week ago