Calculate for question number 4. Assume that a factory can produce a quantity2x + x²y+ y°of goods, when x is the number of skilled workers, and y the number of unskilled workers.1. Assume that the quantity produced is constant, that is2x + x²y + y = cwhere c is a real number. Find y' as a function of x and y.2. Right now, there are 10 skilled and 10 unskilled workers. What is the quantityproduced?3. The factory wants to maintain the production at the level of Question 2. Find y' atthis point.4. The management of the factory is considering replacing a skilled worker (paid $40/h)by unskilled workers (paid $15/h), while maintaining the production at the samelevel. Is this a good move? Explain precisely using the previous questions.

Name: Calculate for question number 4. Assume that a factory can produce a q
Uploaded: 2024-03-20T07:07:37.000Z
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Description: Calculate for question number 4. Assume that a factory can produce a quantity2x + x²y+ y°of goods, when x is the number of skilled workers, and y the number of unskilled workers.1. Assume that the quantity produced is constant, that is2x + x²y + y =