Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Question
Redo the problem in this example using the Cobb-Douglas production function: 1 3 160000 = x4y4. %3D dy %3D dx When the amount of labor used is x = 256 labor hours and the capital investment is y = 625 dollars, increasing labor by 1 hour could allow capital investment to decrease by how many dollars? (Hint: Because we're asking by how much it will decrease, you don't need to include a negative sign in your answer.)
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Transcribed Image Text:Redo the problem in this example using the Cobb-Douglas production function: 1 3 160000 = x4y4. %3D dy %3D dx When the amount of labor used is x = 256 labor hours and the capital investment is y = 625 dollars, increasing labor by 1 hour could allow capital investment to decrease by how many dollars? (Hint: Because we're asking by how much it will decrease, you don't need to include a negative sign in your answer.)
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