IDNLearn.com: Your destination for reliable and timely answers to any question. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.
Sagot :
Complete Question
The daily output at a plant manufacturing chairs is approximated by the function
[tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] chairs
where L is the size of the labor force measured in hundreds
of worker-hours and K is the daily capital investment in thousands of dollars. If the plant manager has a daily budget of $13,000 and the average wage of an employee is $9.00 per hour, what combination of worker-hours (to the nearest hundred) and capital expenditures (to the nearest thousand) will yield maximum daily production?
a)200 worker-hours and $9000 in capital expenditure
b)1100 worker-hours and $3000 in capital expenditure
c)500 worker-hours and $8000 in capital expenditure
d)900 worker-hours and $5000 in capital expenditure
e)600 worker-hours and $6000 in capital expenditure
f)300 worker-hours and $10,000 in capital expenditure
Answer:
d)900 worker-hours and $5000 in capital expenditure
Step-by-step explanation:
From the question we are told that
Daily output at a plant manufacturing chairs is approximated by the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex]
Daily budget of $13,000
Average wage of an employee is $9.00 per hour
a) Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to for (a)
Mathematically solving with L=200 K=9000
[tex]f(L=200,K=9000) = (45\sqrt[3]{9000})200^3^/^5[/tex]
[tex]f(L=200,K=9000) = 45*20.8*24[/tex]
[tex]f(L=200,K=9000) = 22464[/tex]
b)Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to for (b)
Mathematically solving with L=1100 K=3000
[tex]f(L=1100,K=3000) = (45\sqrt[3]{3000})1100^3^/^5[/tex]
[tex]f(L=1100,K=3000) = 45*14.4*66.8[/tex]
[tex]f(L=1100,K=3000) = 43286.4[/tex]
c)Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to find (c)
Mathematically solving with L=500 K=8000
[tex]f(L=500,K=8000) = (45*\sqrt[3]{8000})*500^3^/^5[/tex]
[tex]f(L=500,K=8000) = 45*20*41.63[/tex]
[tex]f(L=500,K=8000) =37467[/tex]
d)Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to find (d)
Mathematically solving with L=900 K=5000
[tex]f(L=900,K=5000) = (45*\sqrt[3]{5000})*900^3^/^5[/tex]
[tex]f(L=900,K=5000) = 45*17.09*59.2[/tex]
[tex]f(L=900,K=5000) =45577.88[/tex]
e)Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to find (e)
Mathematically solving with L=600 K=6000
[tex]f(L=600,K=6000) = (45\sqrt[3]{6000})600^3^/^5[/tex]
[tex]f(L=600,K=6000) = 45*18.17*46.4[/tex]
[tex]f(L=600,K=6000) =37974[/tex]
f)Generally the function [tex]f(L,K) = 45\sqrt[3]{K}L^3^/^5[/tex] can be use to find (e)
Mathematically solving with L=600 K=6000
[tex]f(L=300,K=10,000) = (45*\sqrt[3]{10,000})*300^3^/^5[/tex]
[tex]f(L=300,K=10,000) = 45*21.5*30.6[/tex]
[tex]f(L=300,K=10,000) = 29704.2[/tex]
Therefore the function f shows maximum at L=900 K=5000
Giving the correct answer to be
d)900 worker-hours and $5000 in capital expenditure
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.
