A manufacturer estimates that production? (in hundreds of?units) is a function of the amounts x and y of labor and capital?used, as f(x,y)=[1/3x-1/3+1/3y-1/3]-3. Find thenumber of units produced when
8 units of labor and 27 units of capital are utilized. Find andinterpret
fx (8,27) and fy (8,27).
What would be the approximate effect on production of increasinglabor by 1? unit?
A) The number of units produced when 64 units of labor and 125units of capital are utilized is ___
B) fx( , ) =
c) fy=( , )
d) The approximate effect on production of increasing labor by 1unit would be ___ units
