Mathematics, 23.11.2019 01:31, cartizeb23
Let production be given by p = blαk1−α where b and α are positive and α < 1. if the cost of a unit of labor is m and the cost of a unit of capital is n, and the company can spend only p dollars as its total budget, then maximizing the production p is subject to the constraint ml + nk = p. show that the maximum production occurs when l=αp/m and k=(1-α)p/n.
Answers: 2
Mathematics, 21.06.2019 17:00, Taylor129
Imogene invested $8,000 in a bank account that pays 8 percent simple interest at the end of each year. her friend invested the same amount in stocks where the growth of the investment is represented as 2,000 times the square root of 2 less than the time lapsed in years. if y1 and y2 represent the amount earned in dollars and t is the time lapsed in years, which system of equations correctly represents the situation?
Answers: 1
Mathematics, 21.06.2019 19:10, chrischris1
In the triangles, bc =de and ac fe. if the mzc is greater than the mze, then ab isdfelth
Answers: 2
Let production be given by p = blαk1−α where b and α are positive and α < 1. if the cost of a un...
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