Question: Your automobile assembly plant has a Cobb-Douglas production function given by q = 40.440.6, where q is the number of automobiles it produces per year,

 Your automobile assembly plant has a Cobb-Douglas production function given by

Your automobile assembly plant has a Cobb-Douglas production function given by q = 40.440.6, where q is the number of automobiles it produces per year, x is the number of employees, and y is the daily operating budget (in dollars). Annual operating costs amount to an average of $27,000 per employee plus the operating budget of $365y. Assume that you wish to produce 5,000 automobiles per year at a minimum cost. How many employees should you hire? HINT (See Example 5.] (Round your answer to the nearest employee.) employees

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