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In economics, Cobb-Douglas functions can be used to model how a company's production amount (P) depends on the amount of labor involved (L) and the amount of capital invested (K). For a particular company, this relationship is
P = L2/3K1/3.
Suppose the company's current labor force is L = 1000 workers, and the company is currently investing K = $64,000 in capital to produce a particular product. Due to economic difficulty, the company is currently laying off workers at an instantaneous rate of 2 workers per week. If the company would like to keep its production level constant, at what instantaneous rate must it change its capital investment (with respect to time) right now?
find the affine coordinates of x (0)/ with respect to {p0, p1,p2}.
An automobile manufacturer produces 56% of its cars at plant A. If 5% of the cars manufactured at plant A have defective emissions control devices, what is the probability that one of this manufacturer's cars was manufactured at plant A and has ..
In an Asian country with a population of 6 million, 60,000 deaths occurred during the year ending December 31, 2005. These included 30,000 deaths from cholera in 100,000 people who were sick with cholera. What was the case-specific mortality rate ..
Change Algorithm 3 so that the binary search procedure compares x to am at each stage of the algorithm, with the algorithm terminating if x = am.
Find the time required for an investment to double in value if invested in an account paying 3% compounded monthly
The following is offered as a solution of the equation. Because 7 = -12 is not a true equation, the equation has no solution. If this is correct, state that there is no solution. If not, explain in detail why it is not correct, and supply the corre..
A man slides down a ramp on a wheel chair. If the mass of the chair is 50kg, calculate the mass of the person sitting on the chair.
a mean score on a standardized test is 50 with a standard deviation of 10. answer the followingwhat scores fall between
Suppose the true average income for single head of household families in the US is $51,127 back in 2012. In 2014 a random sample of 130 families.
there are 5.7 million Americans who ride a bicyle at least occassionally, the graph shows the reasons people ride. in each exercise 61-64, determine the number of americans who ride a bicycle for recreation.
The perimeter of a basketball court is 114 meters and the length is 6 meters longer than twice the width. What are the length and width?
Consider the following functions defined for x, y ∈ R: d1(x, y) = (x - y)2, d2(x, y) = √(|x - y|), d3(x, y) = |x2 - y2|, d4(x, y) = |x - 2y|. For each function, determine whether it is a metric or not
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