Explanation Given Information: The average production per work-hour, is given by z / x , where z = f ( x , y ) , and x is the number of work-hours required and y is the amount of capital required to produce z units of a product. Formula used: The partial differentiation of z = f ( x , y ) with respect to x by holding y constant as: ∂ ∂ x [ f ( x , y ) ] = f x ( x , y ) The partial differentiate f ( x , y ) with respect to y by holding x constant as: ∂ ∂ y [ f ( x , y ) ] = f y ( x , y ) Proof: Consider the average production per work-hour function is P = z x . Since, z = f ( x , y ) , so, P = z x = f ( x , y ) x . Thus, the function is P = f ( x , y ) x . Since, the maximum exists, thus, ∂ P ∂ x = 0

MATHMATICAL APPLICATIONS FOR THE MANAGEM

11th Edition

ISBN: 9781305758063

Author: HARSHBARGER

Publisher: CENGAGE C

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Chapter 14.4, Problem 30E

To determine

To prove: The average production per work-hour, z/x, is maximized when ∂z∂x=zx. where x is the number of work-hours required and y is the amount of capital required to produce z units of a product.

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Chapter 14.4, Problem 29E

Chapter 14.4, Problem 31E

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Chapter 14 Solutions

MATHMATICAL APPLICATIONS FOR THE MANAGEM

Ch. 14.1 - CHECKPOINT 1. Find the domain of the function Ch. 14.1 - Prob. 1E Ch. 14.1 - Prob. 2E Ch. 14.1 - Prob. 3E Ch. 14.1 - Prob. 4E Ch. 14.1 - Prob. 5E Ch. 14.1 - Prob. 6E Ch. 14.1 - Prob. 7E Ch. 14.1 - Prob. 8E Ch. 14.1 - Prob. 9E

Ch. 14.1 - Prob. 10E Ch. 14.1 - Prob. 11E Ch. 14.1 - Prob. 12E Ch. 14.1 - Prob. 13E Ch. 14.1 - Prob. 14E Ch. 14.1 - Prob. 15E Ch. 14.1 - Prob. 16E Ch. 14.1 - In Problems 15-22, evaluate each function as...Ch. 14.1 - Prob. 18E Ch. 14.1 - Prob. 19E Ch. 14.1 - Prob. 20E Ch. 14.1 - Prob. 21E Ch. 14.1 - In Problems 15-22, evaluate each function as...Ch. 14.1 - Prob. 23E Ch. 14.1 - Prob. 24E Ch. 14.1 - Prob. 25E Ch. 14.1 - Temperature-humidity models There are different...Ch. 14.1 - Prob. 28E Ch. 14.1 - 29. Mortgage The following tables show that a...Ch. 14.1 - 30. Wind chill Wind and cold temperatures combine...Ch. 14.1 - Prob. 31E Ch. 14.1 - Prob. 32E Ch. 14.1 - Prob. 33E Ch. 14.1 - Prob. 34E Ch. 14.1 - Prob. 35E Ch. 14.1 - 36. Profit The Kirk Kelly Kandy Company makes two...Ch. 14.1 - Prob. 37E Ch. 14.1 - Prob. 38E Ch. 14.2 - Prob. 1CP Ch. 14.2 - Prob. 2CP Ch. 14.2 - Prob. 3CP Ch. 14.2 - Prob. 4CP Ch. 14.2 - Prob. 5CP Ch. 14.2 - Prob. 1E Ch. 14.2 - Prob. 2E Ch. 14.2 - Prob. 3E Ch. 14.2 - Prob. 4E Ch. 14.2 - Prob. 5E Ch. 14.2 - Prob. 6E Ch. 14.2 - Prob. 7E Ch. 14.2 - Prob. 8E Ch. 14.2 - Prob. 9E Ch. 14.2 - Prob. 10E Ch. 14.2 - Prob. 11E Ch. 14.2 - Prob. 12E Ch. 14.2 - Prob. 13E Ch. 14.2 - Prob. 14E Ch. 14.2 - Prob. 15E Ch. 14.2 - Prob. 16E Ch. 14.2 - Prob. 17E Ch. 14.2 - Prob. 18E Ch. 14.2 - 19. Find the slope of the tangent in the...Ch. 14.2 - 20. Find the slope of the tangent in the...Ch. 14.2 - Prob. 21E Ch. 14.2 - Prob. 22E Ch. 14.2 - Prob. 23E Ch. 14.2 - Prob. 24E Ch. 14.2 - Prob. 25E Ch. 14.2 - Prob. 26E Ch. 14.2 - Prob. 27E Ch. 14.2 - Prob. 28E Ch. 14.2 - Prob. 29E Ch. 14.2 - Prob. 30E Ch. 14.2 - Prob. 31E Ch. 14.2 - 32. If , find the following. (a) (b) (c) (d) Ch. 14.2 - 33. If , find the following. Ch. 14.2 - 34. If , find the following. Ch. 14.2 - Prob. 35E Ch. 14.2 - Ch. 14.2 - Ch. 14.2 - Prob. 38E Ch. 14.2 - Prob. 39E Ch. 14.2 - Prob. 40E Ch. 14.2 - 41. . Ch. 14.2 - . Ch. 14.2 - Prob. 43E Ch. 14.2 - Ch. 14.2 - 45. Mortgage When a homeowner has a 25-year...Ch. 14.2 - 46. Mass transportation ridership Suppose that in...Ch. 14.2 - 47. Wilson's lot size formula In economics, the...Ch. 14.2 - 48. Cost Suppose that the total cost (in dollars)...Ch. 14.2 - 49. Pesticide Suppose that the number of thousands...Ch. 14.2 - 50. Profit Suppose that the profit (in dollars)...Ch. 14.2 - Prob. 51E Ch. 14.2 - Prob. 52E Ch. 14.2 - 53. Production Suppose that the output Q (in...Ch. 14.2 - Prob. 54E Ch. 14.2 - Prob. 55E Ch. 14.2 - Prob. 56E Ch. 14.3 - CHECKPOINT If the joint cost in dollars for two...Ch. 14.3 - Prob. 2CP Ch. 14.3 - Prob. 3CP Ch. 14.3 - Prob. 1E Ch. 14.3 - Prob. 2E Ch. 14.3 - 3. The total cost of producing 1 unit of a product...Ch. 14.3 - Prob. 4E Ch. 14.3 - Prob. 5E Ch. 14.3 - Prob. 6E Ch. 14.3 - Prob. 7E Ch. 14.3 - Prob. 8E Ch. 14.3 - 9. If the joint cost function for two products is ...Ch. 14.3 - 10. Suppose the joint cost function for x units of...Ch. 14.3 - 11. Suppose that the joint cost function for two...Ch. 14.3 - Prob. 12E Ch. 14.3 - Prob. 13E Ch. 14.3 - Prob. 14E Ch. 14.3 - Prob. 15E Ch. 14.3 - Prob. 16E Ch. 14.3 - Prob. 17E Ch. 14.3 - Prob. 18E Ch. 14.3 - Prob. 19E Ch. 14.3 - Prob. 20E Ch. 14.3 - 21. Suppose the Cobb-Douglas production function...Ch. 14.3 - Prob. 22E Ch. 14.3 - Prob. 23E Ch. 14.3 - Prob. 24E Ch. 14.3 - Prob. 25E Ch. 14.3 - Prob. 26E Ch. 14.3 - Prob. 27E Ch. 14.3 - Prob. 28E Ch. 14.3 - Prob. 29E Ch. 14.3 - Prob. 30E Ch. 14.4 - CHECKPOINT Suppose that Find Ch. 14.4 - Prob. 2CP Ch. 14.4 - Prob. 3CP Ch. 14.4 - Prob. 4CP Ch. 14.4 - Prob. 1E Ch. 14.4 - Prob. 2E Ch. 14.4 - Prob. 3E Ch. 14.4 - Prob. 4E Ch. 14.4 - Prob. 5E Ch. 14.4 - Prob. 6E Ch. 14.4 - Prob. 7E Ch. 14.4 - Prob. 8E Ch. 14.4 - Prob. 9E Ch. 14.4 - Prob. 10E Ch. 14.4 - Prob. 11E Ch. 14.4 - Prob. 12E Ch. 14.4 - Prob. 13E Ch. 14.4 - Prob. 14E Ch. 14.4 - Prob. 15E Ch. 14.4 - Prob. 16E Ch. 14.4 - Prob. 17E Ch. 14.4 - Prob. 18E Ch. 14.4 - 19. Profit Suppose that the quarterly profit from...Ch. 14.4 - Prob. 20E Ch. 14.4 - 21. Nutrition A new food is designed to add weight...Ch. 14.4 - Prob. 22E Ch. 14.4 - 23. Production Suppose that tons is the...Ch. 14.4 - 24. Production Suppose that x units of one input...Ch. 14.4 - 25. Profit Suppose that a manufacturer produces...Ch. 14.4 - Prob. 26E Ch. 14.4 - Prob. 27E Ch. 14.4 - Prob. 28E Ch. 14.4 - 29. Profit A company manufactures two products, A...Ch. 14.4 - Prob. 30E Ch. 14.4 - Prob. 31E Ch. 14.4 - The manager of the Sea Islands Chicken Shack is...Ch. 14.4 - Prob. 34E Ch. 14.4 - Prob. 35E Ch. 14.4 - Prob. 36E Ch. 14.5 - Prob. 1CP Ch. 14.5 - Prob. 2CP Ch. 14.5 - Prob. 3CP Ch. 14.5 - Prob. 4CP Ch. 14.5 - Prob. 1E Ch. 14.5 - Prob. 2E Ch. 14.5 - Prob. 3E Ch. 14.5 - Prob. 4E Ch. 14.5 - Prob. 5E Ch. 14.5 - Prob. 6E Ch. 14.5 - Prob. 7E Ch. 14.5 - Prob. 8E Ch. 14.5 - Prob. 9E Ch. 14.5 - Prob. 10E Ch. 14.5 - Prob. 11E Ch. 14.5 - Prob. 12E Ch. 14.5 - Prob. 13E Ch. 14.5 - Prob. 14E Ch. 14.5 - Prob. 15E Ch. 14.5 - 16. Utility Suppose that the budget constraint in...Ch. 14.5 - 17. Utility Suppose that the utility function for...Ch. 14.5 - 18. 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Ch. 14 - Prob. 16RE Ch. 14 - Prob. 17RE Ch. 14 - Prob. 18RE Ch. 14 - Prob. 19RE Ch. 14 - Prob. 20RE Ch. 14 - Prob. 21RE Ch. 14 - Prob. 22RE Ch. 14 - Prob. 23RE Ch. 14 - Prob. 24RE Ch. 14 - Prob. 25RE Ch. 14 - Prob. 26RE Ch. 14 - Prob. 27RE Ch. 14 - Prob. 28RE Ch. 14 - Prob. 29RE Ch. 14 - Prob. 30RE Ch. 14 - Prob. 31RE Ch. 14 - Prob. 32RE Ch. 14 - Prob. 33RE Ch. 14 - Prob. 34RE Ch. 14 - 35. Modeling US. average wage The table gives the...Ch. 14 - Prob. 36RE Ch. 14 - Prob. 1T Ch. 14 - Prob. 2T Ch. 14 - Prob. 3T Ch. 14 - Prob. 4T Ch. 14 - Prob. 5T Ch. 14 - Prob. 6T Ch. 14 - 7. Suppose the demand functions for two products...Ch. 14 - Prob. 8T Ch. 14 - 9. Find x and y that maximize the utility function...Ch. 14 - Prob. 10T

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To prove: The average production per work-hour, z / x , is maximized when ∂ z ∂ x = z x . where x is the number of work-hours required and y is the amount of capital required to produce z units of a product.

Solution Summary: The author explains how the average production per work-hour is maximized when z/x is given by P=zx.

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To prove: The average production per work-hour, z/x, is maximized when ∂z∂x=zx. where x is the number of work-hours required and y is the amount of capital required to produce z units of a product.

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Chapter 14 Solutions