Question: The production function for a company is given by f ( x , y ) = 1 0 0 x 0 . 6 y 0
The production function for a company is given by
fx yxy
where x is the number of units of labor at $ per unit and y is the number of units of capital at $ per unit The total cost for labor and capital cannot exceed $
a
Find the maximum production level for this manufacturer. Round your answer to the nearest integer.
units
b
Find the marginal productivity of money. Round your answer to three decimal places.
c
Use the marginal productivity of money to find the maximum number of units that can be produced when $ is available for labor and capital.
units
d
Use the marginal productivity of money to find the maximum number of units that can be produced when $ is available for labor and capital.
units
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