In: Math
A manufacturer estimates that production (in hundreds of units) is a function of the amounts x and y of labor and capital used, as f(x,y)=[ 1/3x-1/3+1/3y-1/3]-3. Find the number of units produced when
8 units of labor and 27 units of capital are utilized. Find and interpret
fx (8,27) and fy (8,27).
What would be the approximate effect on production of increasing labor by 1 unit?
A) The number of units produced when 64 units of labor and 125 units of capital are utilized is ___
B) fx( , ) =
c) fy=( , )
d) The approximate effect on production of increasing labor by 1 unit would be ___ units