The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function fix,y)=100x72028 (A) Find t, (x,y) and t, (x,y) (B) If the country is now using 400 units of labor and 500 units of capital, find the marginal productivity of labor and the marginal productivity of capital (C) For the greatest increase in the country's productivity should the government encourage increased use of labor or increased use of capital?

The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function fix,y)=100x72028 (A) Find t, (x,y) and t, (x,y) (B) If the country is now using 400 units of labor and 500 units of capital, find the marginal productivity of labor and the marginal productivity of capital (C) For the greatest increase in the country's productivity should the government encourage increased use of labor or increased use of capital?

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter6: Applications Of The Derivative

Section6.CR: Chapter 6 Review

Problem 48CR

See similar textbooks

Similar questions

Find the average rates of change of f(x)=x2+2x (a) from x1=3 to x2=2 and (b) from x1=2 to x2=0.
How are the absolute maximum and minimum similar to and different from the local extrema?

Recommended textbooks for you

Calculus For The Life Sciences

Calculus

ISBN:

9780321964038

Author:

GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:

Pearson Addison Wesley,