A manufacturer spends z thousand pesos on labor and capital. The number of units of labor obtained by the manufacturer is determined by a function L(a) and the number of units of capital obtained by the manufacturer is determined by a function C(r). Assume that L(r) and C(x) are differentiable functions. The total units of productivity P of the manufacturer is determined by the equation P = 15L04C0.6 The following are known: • When the manufacturer spends 200, 000 pesos on labor and capital, they will have 200 units of labor and 150 units of capital. It is also observed that in this particular scenario, increasing the expenditure r further would increase the labor L at a rate of 1.2 units per thousand pesos, and increase the capital C at a rate of 1.5 units per thousand pesos. • When the manufacturer spends 300, 000 pesos on labor and capital, they will have 450 units of labor and 250 units of capital. It is also observed that in this particular scenario, increasing the expenditure r further would increase the productivity P at a rate of 30 units per thousand pesos. dP when x 200. Round your answers to four decimal dr (a) Find and interpret P and places. IP dự (b) If C(x) attains a local maximum at r = 300, what is when r = 300? Round your answer to four decimal places. Interpret this value in the context of the problem.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
icon
Related questions
Question

please provide complete solution with interpretaion thank you

3. A manufacturer spends z thousand pesos on labor and capital. The number of units of
labor obtained by the manufacturer is determined by a function L(x) and the number
of units of capital obtained by the manufacturer is determined by a function C(x).
Assume that L(r) and C(r) are differentiable functions.
The total units of productivity P of the manufacturer is determined by the equation
P = 15L04C0.6
The following are known:
• When the manufacturer spends 200, 000 pesos on labor and capital, they will
have 200 units of labor and 150 units of capital. It is also observed that in this
particular scenario, increasing the expenditure r further would increase the labor
L at a rate of 1.2 units per thousand pesos, and increase the capital C at a rate
of 1.5 units per thousand pesos.
• When the manufacturer spends 300, 000 pesos on labor and capital, they will
have 450 units of labor and 250 units of capital. It is also observed that in
this particular scenario, increasing the expenditure r further would increase the
productivity P at a rate of 30 units per thousand pesos.
(a) Find and interpret P and
dP
when r 200. Round your answers to four decimal
dr
places.
(b) If C(x) attains a local maximum at r = 300, what is when a = 300? Round
TP
de
your answer to four decimal places. Interpret this value in the context of the
problem.
Transcribed Image Text:3. A manufacturer spends z thousand pesos on labor and capital. The number of units of labor obtained by the manufacturer is determined by a function L(x) and the number of units of capital obtained by the manufacturer is determined by a function C(x). Assume that L(r) and C(r) are differentiable functions. The total units of productivity P of the manufacturer is determined by the equation P = 15L04C0.6 The following are known: • When the manufacturer spends 200, 000 pesos on labor and capital, they will have 200 units of labor and 150 units of capital. It is also observed that in this particular scenario, increasing the expenditure r further would increase the labor L at a rate of 1.2 units per thousand pesos, and increase the capital C at a rate of 1.5 units per thousand pesos. • When the manufacturer spends 300, 000 pesos on labor and capital, they will have 450 units of labor and 250 units of capital. It is also observed that in this particular scenario, increasing the expenditure r further would increase the productivity P at a rate of 30 units per thousand pesos. (a) Find and interpret P and dP when r 200. Round your answers to four decimal dr places. (b) If C(x) attains a local maximum at r = 300, what is when a = 300? Round TP de your answer to four decimal places. Interpret this value in the context of the problem.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning