Exam Sample M 105 Final Solution.pdf

Exam Sample M 105 Final Solution.pdf - Math 105 Sample Test...

• Test Prep
• 12

This preview shows pages 1–12. Sign up to view the full content.

Math 105 Sample Test Solution: This is the solution of one of my students who scored A + in his test. 2. A cellular phone company has the following production function (in hundreds of unit) for a certain product: where p is the number of units produced with x units of labor and y units of capital. a) Find and interpret and . and so, This means that the approximate change in production is hundreds of unit when the labor is increased by 1 unit (from 125 to 126 unit ) while the capital remains the same 64 unit. And and so, This means that the approximate change in production is hundreds of unit when capital is increased by 1 unit (from 64 to 65 unit) while the labor remains the same 125 unit.

This preview has intentionally blurred sections. Sign up to view the full version.

b) What would be the approximate effect on production of increasing labor to 65 units while holding the capital at the level of 125 units? Increasing labour from 125 to 126 units will would result an increase in production

This preview has intentionally blurred sections. Sign up to view the full version.

This preview has intentionally blurred sections. Sign up to view the full version.

This preview has intentionally blurred sections. Sign up to view the full version.

This preview has intentionally blurred sections. Sign up to view the full version.

This preview has intentionally blurred sections. Sign up to view the full version.

This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern