Calculus 8th Edition

Published by Cengage
ISBN 10: 1285740629
ISBN 13: 978-1-28574-062-1

Chapter 14 - Partial Derivatives - 14.1 Functions of Several Variables - 14.1 Exercises - Page 939: 3

Answer

94.22 million dollars

Work Step by Step

Find P(120,20) by plugging in L = 120 and K = 20 $P(120,20)=1.47(120)x^{0.65}(20)x^{0.35}=94.22$ This shows that the value of the production is 94.22 million dollars when 120,000 labor hours are invested and 20 million dollars are invested
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