subject
Mathematics, 14.06.2021 05:30 kelonmazon2492

Consider the optimization problem of maximizing Cobb–Douglas production function: Q = 20 K1/2 L1/2, subject to cost constraint: K + 4L = 64. a/ Use the method of Lagrange multipliers to find the maximum value of the production function;
b/ Estimate the change in the optimal value of Q if the cost constraint is changed to K + 4L = 65, and state the new maximum value of the production function.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 21:10
See attachment below and find the equivalent of tan(∠qsr)
Answers: 3
question
Mathematics, 21.06.2019 22:30
How many times larger is 6 × 10^12 than 2 × 10^7? a. 30,000 b. 3,000 c. 3,000,000 d. 300,000
Answers: 1
question
Mathematics, 21.06.2019 23:30
Which rule describes the composition of transformations that maps △abc to △a”b”c
Answers: 2
question
Mathematics, 22.06.2019 01:30
Paco orders an ice cream for $1, but realizes his wallet is at home and he only has 3/20 of $1 with him. if his mom pays the remaining 7/20 of the dollar, how much will she pay? $0.05 $0.15 $0.85 $0.95
Answers: 1
You know the right answer?
Consider the optimization problem of maximizing Cobb–Douglas production function: Q = 20 K1/2 L1/2,...
Questions
question
History, 23.07.2019 08:00
Questions on the website: 13722365