Handout Ch 3 Solutions

Handout Ch 3 Solutions - Solution to Handout Problems:...

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Solution to Handout Problems: Chapter 3: 1) This is an application of composite functions a) () () () Qt Q pt = 2 2 64800 0.04 0.2 12 tt = ++ b) The Quantity Demanded 10 weeks from now ( t = 10) 10 10 QQ p = 2 2 64800 200 0.04 10 0.2 10 12 == units 2) This is another application of composite functions a) If P = 40 and is assumed to be constant: TR L P Q L 40 TR L Q L 40 40 4 LL TR L ⎡⎤ ⎢⎥ ⎣⎦ 2 400 10 TR L L L =− b) Find vertex of the TR function 2 V b L a 400 20 2( 10) V L = workers 3) SOLVED IN CLASS
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4) Find the vertex of the function () 10 12 9 f xx =− x 2 120 10 99 f x 120 9 6 10 2 2 9 V b x a = Now plug the vertex into the original f(x) 10 66 1 2 6 9 f = 4 0 households 5) Let x = output y = defective output That means that
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This note was uploaded on 02/10/2011 for the course AEB 3510 taught by Professor Mikaelsandberg during the Spring '11 term at University of Florida.

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Handout Ch 3 Solutions - Solution to Handout Problems:...

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