Mathematics, 14.06.2021 05:30 kelonmazon2492

Consider the optimization problem of maximizing Cobb–Douglas production function: Q = 20 K1/2 L1/2, subject to cost constraint: K + 4L = 64. a/ Use the method of Lagrange multipliers to find the maximum value of the production function;
b/ Estimate the change in the optimal value of Q if the cost constraint is changed to K + 4L = 65, and state the new maximum value of the production function.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:00, hahahwha

How many sides does a regular polygon have if each exterior angle measures 72a.3b.4c.5d.6

Answers: 1

continue

Mathematics, 21.06.2019 18:00, alyssatamayo641

What is the solution of log2 (3x - 7) = 3? 4 5

Answers: 1

continue

Mathematics, 21.06.2019 18:00, davidoj13

Aculture started with 3000 bacteria. after 5 hours it grew to 3900 bacteria. predict how many bacteria will be present after 9 hours

Answers: 3

continue

Mathematics, 22.06.2019 02:30, advancedgamin8458

There are three grizzly bears in the city zoo. yogi weighs 400.5 pounds, winnie weighs 560.35 pounds, and nyla weighs 628.29 pounds. what is the average weight of the three bears? (hint: what do they weigh all together? ) a. 502.97 pounds c. 604.38 pounds b. 529.71 pounds d. 794.57 pounds

Answers: 1

continue

You know the right answer?

Consider the optimization problem of maximizing Cobb–Douglas production function: Q = 20 K1/2 L1/2,...