BAYLOR UNIVERSITYHANKAMER SCHOOL OF BUSINESSDEPARTMENT OF FINANCE,INSURANCE &REAL ESTATEDr. Garven Name _____________________ Problem Set #1 1.Determine the first derivative of each of the following functions: a. 23 105YXXb.32 (4)YXXc.33/(4)YXXd.4/(3)YXX2.Determine the second derivative of the following functions: a. YXX2493b.()YXX243c.YXX342d./YX3.Find the partial derivative of Y with respect to X and the partial derivative of Y with respect to Z in each of the following cases: a.10 32YZXb.23184YZXc.0.20.8YZ Xd.3 /(4)YZX4.One very important question facing hospitals is this: How big must a hospital be (in terms of patient-days of care) to minimize the cost per patient-day?
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