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Multivariable Calculus

8th Edition
James Stewart
ISBN: 9781305266643
BuyFindarrow_forward

Multivariable Calculus

8th Edition
James Stewart
ISBN: 9781305266643
Textbook Problem

A manufacturer has modeled its yearly production function P (the monetary value of its entire production in millions of dollars) as a Cobb-Douglas function

P(L,K) = 1.47L0.65K0.35

where L is the number of labor hours (in thousands) and K is the invested capital (in millions of dollars). Find P(120, 20) and interpret it.

To determine

To find: The value of P(120,20) and interpret it.

Explanation

It is given that the Cobb-Douglas function is P(L,K)=1.47L0.65K0.35, where L denotes the number of labor hours (in thousand) and K represents the amount invested as a capital (in millions of dollars).

Here, L=120 and K=20.

Substitute L=120 and K=20 in Cobb-Douglas function,

P(120,20)=1

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Chapter 14 Solutions

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Sect-14.1 P-11ESect-14.1 P-12ESect-14.1 P-13ESect-14.1 P-14ESect-14.1 P-15ESect-14.1 P-16ESect-14.1 P-17ESect-14.1 P-18ESect-14.1 P-19ESect-14.1 P-20ESect-14.1 P-21ESect-14.1 P-22ESect-14.1 P-23ESect-14.1 P-24ESect-14.1 P-25ESect-14.1 P-26ESect-14.1 P-27ESect-14.1 P-28ESect-14.1 P-29ESect-14.1 P-30ESect-14.1 P-31ESect-14.1 P-32ESect-14.1 P-33ESect-14.1 P-34ESect-14.1 P-35ESect-14.1 P-36ESect-14.1 P-37ESect-14.1 P-38ESect-14.1 P-39ESect-14.1 P-40ESect-14.1 P-41ESect-14.1 P-42ESect-14.1 P-43ESect-14.1 P-44ESect-14.1 P-45ESect-14.1 P-46ESect-14.1 P-47ESect-14.1 P-48ESect-14.1 P-49ESect-14.1 P-50ESect-14.1 P-51ESect-14.1 P-52ESect-14.1 P-53ESect-14.1 P-54ESect-14.1 P-55ESect-14.1 P-56ESect-14.1 P-57ESect-14.1 P-58ESect-14.1 P-59ESect-14.1 P-60ESect-14.1 P-61ESect-14.1 P-62ESect-14.1 P-63ESect-14.1 P-64ESect-14.1 P-65ESect-14.1 P-66ESect-14.1 P-67ESect-14.1 P-68ESect-14.1 P-69ESect-14.1 P-70ESect-14.1 P-71ESect-14.1 P-72ESect-14.1 P-73ESect-14.1 P-74ESect-14.1 P-75ESect-14.1 P-76ESect-14.1 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P-12ESect-14.6 P-13ESect-14.6 P-14ESect-14.6 P-15ESect-14.6 P-16ESect-14.6 P-17ESect-14.6 P-18ESect-14.6 P-19ESect-14.6 P-20ESect-14.6 P-21ESect-14.6 P-22ESect-14.6 P-23ESect-14.6 P-24ESect-14.6 P-25ESect-14.6 P-26ESect-14.6 P-27ESect-14.6 P-28ESect-14.6 P-29ESect-14.6 P-30ESect-14.6 P-31ESect-14.6 P-32ESect-14.6 P-33ESect-14.6 P-34ESect-14.6 P-35ESect-14.6 P-36ESect-14.6 P-37ESect-14.6 P-38ESect-14.6 P-39ESect-14.6 P-40ESect-14.6 P-41ESect-14.6 P-42ESect-14.6 P-43ESect-14.6 P-44ESect-14.6 P-45ESect-14.6 P-46ESect-14.6 P-47ESect-14.6 P-48ESect-14.6 P-49ESect-14.6 P-50ESect-14.6 P-51ESect-14.6 P-52ESect-14.6 P-53ESect-14.6 P-54ESect-14.6 P-55ESect-14.6 P-56ESect-14.6 P-57ESect-14.6 P-58ESect-14.6 P-59ESect-14.6 P-60ESect-14.6 P-61ESect-14.6 P-62ESect-14.6 P-63ESect-14.6 P-64ESect-14.6 P-65ESect-14.6 P-66ESect-14.6 P-67ESect-14.6 P-68ESect-14.6 P-69ESect-14.6 P-70ESect-14.7 P-1ESect-14.7 P-2ESect-14.7 P-3ESect-14.7 P-4ESect-14.7 P-5ESect-14.7 P-6ESect-14.7 P-7ESect-14.7 P-8ESect-14.7 P-9ESect-14.7 P-10ESect-14.7 P-11ESect-14.7 P-12ESect-14.7 P-13ESect-14.7 P-14ESect-14.7 P-15ESect-14.7 P-16ESect-14.7 P-17ESect-14.7 P-18ESect-14.7 P-19ESect-14.7 P-20ESect-14.7 P-21ESect-14.7 P-22ESect-14.7 P-23ESect-14.7 P-24ESect-14.7 P-25ESect-14.7 P-26ESect-14.7 P-27ESect-14.7 P-28ESect-14.7 P-29ESect-14.7 P-30ESect-14.7 P-31ESect-14.7 P-32ESect-14.7 P-33ESect-14.7 P-34ESect-14.7 P-35ESect-14.7 P-36ESect-14.7 P-37ESect-14.7 P-38ESect-14.7 P-39ESect-14.7 P-40ESect-14.7 P-41ESect-14.7 P-42ESect-14.7 P-43ESect-14.7 P-44ESect-14.7 P-45ESect-14.7 P-46ESect-14.7 P-47ESect-14.7 P-48ESect-14.7 P-49ESect-14.7 P-50ESect-14.7 P-51ESect-14.7 P-52ESect-14.7 P-53ESect-14.7 P-54ESect-14.7 P-55ESect-14.7 P-56ESect-14.7 P-57ESect-14.7 P-58ESect-14.7 P-59ESect-14.7 P-60ESect-14.8 P-1ESect-14.8 P-2ESect-14.8 P-3ESect-14.8 P-4ESect-14.8 P-5ESect-14.8 P-6ESect-14.8 P-7ESect-14.8 P-8ESect-14.8 P-9ESect-14.8 P-10ESect-14.8 P-11ESect-14.8 P-12ESect-14.8 P-13ESect-14.8 P-14ESect-14.8 P-15ESect-14.8 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P-14RECh-14 P-15RECh-14 P-16RECh-14 P-17RECh-14 P-18RECh-14 P-19RECh-14 P-20RECh-14 P-21RECh-14 P-22RECh-14 P-23RECh-14 P-24RECh-14 P-25RECh-14 P-26RECh-14 P-27RECh-14 P-28RECh-14 P-29RECh-14 P-30RECh-14 P-31RECh-14 P-32RECh-14 P-33RECh-14 P-34RECh-14 P-35RECh-14 P-36RECh-14 P-37RECh-14 P-38RECh-14 P-39RECh-14 P-40RECh-14 P-41RECh-14 P-42RECh-14 P-43RECh-14 P-44RECh-14 P-45RECh-14 P-46RECh-14 P-47RECh-14 P-48RECh-14 P-49RECh-14 P-50RECh-14 P-51RECh-14 P-52RECh-14 P-53RECh-14 P-54RECh-14 P-55RECh-14 P-56RECh-14 P-57RECh-14 P-58RECh-14 P-59RECh-14 P-60RECh-14 P-61RECh-14 P-62RECh-14 P-63RECh-14 P-64RECh-14 P-65RECh-14 P-1PCh-14 P-2PCh-14 P-3PCh-14 P-4PCh-14 P-5PCh-14 P-6PCh-14 P-7PCh-14 P-8P

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