Let x be the number of work-hours required and let y be the amount of capital required

Question:

Let x be the number of work-hours required and let y be the amount of capital required to produce z units of a product. Show that the average production per work-hour, z x, is maximized when
∂z / ∂x = z / x
Use z = f (x, y) and assume that a maximum exists.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: