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Assignment Lecture 10

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6 views

Assignment Lecture 10

Uploaded by

aniqaakhtar1
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment lecture 10

Name:____________________________ Section:_____________________

1. State whether the following are substitutes or complementary items based on


100
D 1=3000+ +50 p 2
p1 +3
100
D 1=3000+ +50 p 2
p1 +3

2. A grocer’s daily profit from sale of two brands of cat food is


P ( x , y )= ( x−30 ) (70−5 x+ 4 y ) +( y−40)(80+6 x−7 y ) cents, where x is the price per
can of the first brand and y is the price per can of the second. Currently, the first brand sells
for 50 cents per can and the second for 52 cents per can. Use marginal analysis to estimate
the change in daily profit that will result if the grocer raises the price of the second brand by
1 cent per can but keeps the price of the first brand unchanged.

3. Output of a certain plant is Q ( x , y )=0.08 x 2 +0.12 xy +0.03 y 2 units per day, where x is the
number of hours of skilled labor used and y is the number of hours of unskilled labor used.
Currently, 80 hours of skiled labor and 200 hours of unskilled labor are used each day. Use
calculus to estimate the change in output that will result if an additional ½ hour of skilled
labor is used each day, along with an additional 2 hours of unskilled labor.

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