subject
Mathematics, 19.08.2021 01:30 ella3714

The Cobb-Douglas function models the quantity q of a commodity produced as a function of the number of the workers w and the amount of capital invested c: q= 100w^0.1 C^0.9

Labor costs are $15 per worker, capital costs are $27 per unit, and there is a fixed budget of $3000. Set up (BUT DO NOT SOLVE!) the system of equations that would allow you to find the optimal values of w and c in order to maximize the quantity of a commodity produced.

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:00, katiebotts18
The diameter of a ball is 8 in. what is the volume of the ball? use 3.14 for pi. enter your answer as a decimal in the box. round only your final answer to the nearest hundredth.
Answers: 2
image
Mathematics, 21.06.2019 19:40, josecano2
Which of the following could be the ratio of the length of the longer leg 30-60-90 triangle to the length of its hypotenuse? check all that apply. a. 313 6 b. 3: 215 c. 18: 13 d. 1: 13 e. 13: 2 of. 3: 15
Answers: 3
image
Mathematics, 21.06.2019 19:50, jlankford148
A3-dimensional figure has a square base and 4 lateral faces that meet at a point. explain the difference between the cross sections when a slice is made perpendicular to the base through the vertex, and when a slice is made perpendicular to the base and not through the vertex
Answers: 2
image
Mathematics, 21.06.2019 22:10, nurmukhammada
Which number line correctly shows 0.8 + 0.3?
Answers: 1
You know the right answer?
The Cobb-Douglas function models the quantity q of a commodity produced as a function of the number...

Questions in other subjects: