The output at a certain factory is Q(L) = 600L 2/3 units, where L is the size
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The output at a certain factory is Q(L) = 600L2/3 units, where L is the size of the labor force. The manufacturer wishes to increase output by 1%. Use calculus to estimate the percentage increase in labor that will be required.
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Related Book For
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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