The automobile assembly plant you manage has a Cobb-Douglas production function given by P = 20x0.4y0.6 where P is the number of automobiles it produces per year, x is the number of employees, and y is the daily operating budget (in dollars). You maintain a production level of 1000 automobiles per year. If you currently employ 160 workers and are hiring new workers at a rate of 20 per year, how fast is your daily operating budget changing? (Round your answer to the nearest cent.) The daily operating budget is (Rising or Dropping) at a rate of $____ per year

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Q: 6

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Q: Your automobile assembly plant has a Cobb-Douglas production function given by q = x0.4,0.6 where q…

A:

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Q: Your automobile assembly plant has a Cobb-Douglas production function given by q = x0.4y0.6 where q…

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A: Here, V =70000+70000 e-0.47t

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Q: Suppose that the price p (in dollars) and the weekly demand, x (in thousands of units) of a…

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Q: Suppose that a vending machine service company models its income by assuming that money flows…

A:

Q: According to the U.S. Census Bureau, the population of the United States in 2008 was 304 million…

A:

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Q: Suppose that a vending machine service company models its income by assuming that money flows…

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Q: Suppose that a vending machine service company models its income by assuming that money flows…

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Q: The population of a city can be modeled by P(t) = 17e.04t thousand persons, wheret is the number of…

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Q: A company that produces skis has the Cobb-Douglas production function Q=f(x,y)=180x0.7y0.3 , where Q…

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Q: if the rate of growth of the population of deer in a forest is modeled by R(t)= 2000e^(0.23t) deer…

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Q: C'(10) = 380,

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Q: Suppose that a vending machine service company models its income by assuming that money flows…

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A: