Chapter 7: Problem 2
Let \(g(x, y)=\sqrt{x^{2}+2 y^{2}}\). Compute \(g(1,1), g(0,-1)\), and \(g(a, b)\).
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Chapter 7: Problem 2
Let \(g(x, y)=\sqrt{x^{2}+2 y^{2}}\). Compute \(g(1,1), g(0,-1)\), and \(g(a, b)\).
These are the key concepts you need to understand to accurately answer the question.
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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?
Find \(\frac{\partial f}{\partial x}\) and \(\frac{\partial f}{\partial y}\) for each of the following functions. $$ f(x, y)=\frac{x-y}{x+y} $$
Find all points \((x, y)\) where \(f(x, y)\) has a possible relative maximum or minimum. Then, use the second-derivative test to determine, if possible, the nature of \(f(x, y)\) at each of these points. If the second-derivative test is inconclusive, so state. $$ f(x, y)=x^{3}-y^{2}-3 x+4 y $$
A monopolist manufactures and sells two competing products, I and II, that cost \(\$ 30\) and \(\$ 20\) per unit, respectively, to produce. The revenue from marketing \(x\) units of product \(\mathrm{I}\) and \(y\) units of product \(\mathrm{II}\) is \(98 x+112 y-.04 x y-.1 x^{2}-.2 y^{2} .\) Find the values of \(x\) and \(y\) that maximize the monopolist's profits.
Find the point on the parabola \(y=x^{2}\) that has minimal distance from the point \(\left(16, \frac{1}{2}\right)\). [See Fig. 2(b).] [Suggestion: If \(d\). denotes the distance from \((x, y)\) to \(\left(16, \frac{1}{2}\right)\), then \(d^{2}=(x-16)^{2}+\left(y-\frac{1}{2}\right)^{2} .\) If \(d^{2}\) is minimized, then \(d\) will be minimized.]
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