Answer:
a.) Marginal Product (MP) = 120
b.) Average Product = 126
c.) At x = 12, the output is maximum.
d.) After 5 levels of inputs diminishing returns set in.
Step-by-step explanation:
Given that,
Q = 72x + 15x² - x³
a.)
Marginal Product is equal to

At x = 8
MP = 72 + 30(8) - 3(8)²
= 72 + 240 - 192
= 120
∴ we get
Marginal Product (MP) = 120
b.)
Average Product is equals to
= 
= 72 + 15x - x²
At x = 6
Average Product = 72 + 15(6) - 6²
= 72 + 90 - 36
= 126
∴ we get
Average Product = 126
c.)
For Maximizing Q,
Put 
⇒72 + 30x - 3x² = 0
⇒24 + 10x - x² = 0
⇒x² - 10x - 24 = 0
⇒x² - 12x + 2x - 24 = 0
⇒x(x - 12) + 2(x - 12) = 0
⇒(x + 2)(x - 12) = 0
⇒x = -2, 12
As items can not be negative
∴ we get
At x = 12, the output is maximum.
d.)
Now,
For Diminishing Return

⇒30 - 6x < 0
⇒-6x < -30
⇒6x > 30
⇒x > 5
∴ we get
For x > 5, the diminishing returns set in
i.e.
After 5 levels of inputs diminishing returns set in.
So the points are
(x,f(x))
(-3,-1)
(0,2)
(3,5)
(6,8)
hmm, find slope
slope betweeen 2 points (x1,y1) and (x2,y2) is (y2-y1)/(x2-x1)
slope betwen (0,2) and (3,5) Is (5-2)/(3-0)=3/3=1
y=mx+b
m=slope
b=y intercept
given slope=1
y=1x+b
find b
input a point
(3,5)
x=3 and y=5
5=1(3)+b
5=3+b
2=b
y=1x+2 is the equaiton
The answer is 14 weeks
<span>60 + 30w = 480
30w = 480 - 60
30w = 420
w = 420 / 30
w = 14</span>
Answer:
a) 3 b) y = 3x + 11
Step-by-step explanation:
a)
In order to find the gradient (slope), find the change in y or change in x (rise/run).
-2 - 2 / 7 - (-5)
-2 - 2 / 7 + 5
-4/12 = -1/3
Now that we know the gradient of line AB is -1/3, take the opposite reciprocal of that to find the gradient perpendicular to line AB.
-1/3 ⇒ 3
b)
Take point C's values and the perpendicular gradient found earlier and substitute them into the point-slope form equation.
y - 5 = 3(x - (-2))
y - 5 = 3(x + 2)
y - 5 = 3x + 6
y = 3x + 11