Chapter 7: Problem 1
Let \(f(x, y)=x^{2}-3 x y-y^{2} .\) Compute \(f(5,0), f(5,-2)\), and \(f(a, b) .\)
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.
/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none}
Learning Materials
Features
Discover
Chapter 7: Problem 1
Let \(f(x, y)=x^{2}-3 x y-y^{2} .\) Compute \(f(5,0), f(5,-2)\), and \(f(a, b) .\)
These are the key concepts you need to understand to accurately answer the question.
All the tools & learning materials you need for study success - in one app.
Get started for free
Let \(f(x, y)=3 x^{2}+2 x y+5 y\), as in Example \(5 .\) Show that $$ f(1+h, 4)-f(1,4)=14 h+3 h^{2} . $$ Thus, the error in approximating \(f(1+h, 4)-f(1,4)\) by \(14 h\) is \(3 h^{2}\). (If \(h=.01\), for instance, the error is only \(.0003 .\)
Three hundred square inches of material are available to construct an open rectangular box with a square base. Find the dimensions of the box that maximize the volume.
The productivity of a country is given by \(f(x, y)=300 x^{2 / 3} y^{1 / 3}\), where \(x\) and \(y\) are the amount of labor and capital. (a) Compute the marginal productivities of labor and capital when \(x=125\) and \(y=64\). (b) Use part (a) to determine the approximate effect on productivity of increasing capital from 64 to 66 units. while keeping labor fixed at 125 units. (c) What would be the approximate effect of decreasing labor from 125 to 124 units while keeping capital fixed at 64 units?
In the remaining exercise, use one or more of the three methods discussed in this section (partial derivatives, formulas, or graphing utilities) to obtain the formula for the least-squares line. Health Care Expenditures Table 4 gives the U.S. per capita health-care expenditures for the years \(2005-2009 .\) (Source: Health Care Financing Review.) $$ \begin{array}{cc} \text { TABLE 4 } & \text { U.S. Per Capita Health } & \\ & \text { Care Expenditures } & \\ \text { Years (after 2000) } & \text { Dollars } \\ \hline 5 & 6,259 \\ 6 & 7,073 \\ 7 & 7,437 \\ 8 & 7,720 \\ 9 & 7,960 \\ \hline \end{array} $$ (a) Find the least-squares line for these data. (b) Use the least-squares line to predict the per capita health care expenditures for the year 2012 . (c) Use the least-squares line to predict when per capita health care expenditures will reach \(\$ 10,000\).
The production function for a firm is \(f(x, y)=64 x^{3 / 4} y^{1 / 4}\), where \(x\) and \(y\) are the number of units of labor and capital utilized. Suppose that labor costs $$\$ 96$$ per unit and capital costs $$\$ 162$$ per unit and that the firm decides to produce 3456 units of goods. (a) Determine the amounts of labor and capital that should be utilized in order to minimize the cost. That is, find the values of \(x, y\) that minimize \(96 x+162 y\), subject to the constraint \(3456-64 x^{3 / 4} y^{1 / 4}=0\). (b) Find the value of \(\lambda\) at the optimal level of production. (c) Show that, at the optimal level of production, we have \(\frac{[\text { marginal productivity of labor }]}{[\text { marginal productivity of capital] }}\) $$ =\frac{[\text { unit price of labor }]}{[\text { unit price of capital }]} $$
What do you think about this solution?
We value your feedback to improve our textbook solutions.