CHAPTER SUMMARY647Using x skilled and y anskilled workers, a manufacturer can produce Q(x, y) = 60x^1/3y^2/3 units per day.Currently the manufacturer employs 10 skilledworkers and 40 unskilled workers and is planningto hire 1 additional skilled worker. Use calculus toestimate the corresponding change that themanufacturer should make in the level of unskilledlabor so that the total output will remain theER SUMMARYsame.
Accepted Solution
A:
Answer:The manufacturer should decrease the level of unskilled labor by 2 for the total output to stay the same.Step-by-step explanation:Q(x,y) = 60 x^β y^β Take the partial derivatives with respect to x and y.βQ/βx = 20 x^-β y^β βQ/βy = 40 x^β y^-β So the total differential is:dQ = βQ/βx dx + βQ/βy dydQ = 20 x^-β y^β dx + 40 x^β y^-β dyIf dQ = 0:0 = 20 x^-β y^β dx + 40 x^β y^-β dyIf x = 10, y = 40, and dx = 1:0 = 20 (10)^-β (40)^β (1) + 40 (10)^β (40)^-β dy0 = 20 (4)^β + 40 (1/4)^β dy-20 (4)^β = 40 (1/4)^β dy-20 (4)^β (1/4)^β = 40 (1/4)^β (1/4)^β dy-20 = 40 (1/4) dy-20 = 10 dydy = -2The manufacturer should decrease the level of unskilled labor by 2 for the total output to stay the same.