At a certain factory, the daily output is Q(L) = 60,000L 1/3 units, where L denotes the

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At a certain factory, the daily output is Q(L) = 60,000L1/3 units, where L denotes the size of the labor force measured in worker-hours. Currently 1,000 worker-hours of labor are used each day. Estimate the effect on output that will be produced if the labor force is cut to 940 worker-hours.

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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