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A Mop Company Can Produce Mops Using X Units

Question 116

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A mop company can produce A mop company can produce mops using x units of capital and y units of labor, with production costs dollars. With a budget of $500,000, the maximum production is 65,000, using $350,000 in capital and $150,000 in labor. The Lagrange multiplier is . What is the practical meaning of the statement ? A) If the number of units of labor is increased by 1, we expect the number of mops to increase by about 0.3. B) If the number of units of capital is increased by 1, we expect the budget to increase by about $0.3. C) If the budget is increased by $1, we expect the number of mops to increase by about 0.3. D) If the number of mops is increased by 1, we expect the budget to increase by about $0.3. mops using x units of capital and y units of labor, with production costs A mop company can produce mops using x units of capital and y units of labor, with production costs dollars. With a budget of $500,000, the maximum production is 65,000, using $350,000 in capital and $150,000 in labor. The Lagrange multiplier is . What is the practical meaning of the statement ? A) If the number of units of labor is increased by 1, we expect the number of mops to increase by about 0.3. B) If the number of units of capital is increased by 1, we expect the budget to increase by about $0.3. C) If the budget is increased by $1, we expect the number of mops to increase by about 0.3. D) If the number of mops is increased by 1, we expect the budget to increase by about $0.3. dollars. With a budget of $500,000, the maximum production is 65,000, using $350,000 in capital and $150,000 in labor. The Lagrange multiplier is A mop company can produce mops using x units of capital and y units of labor, with production costs dollars. With a budget of $500,000, the maximum production is 65,000, using $350,000 in capital and $150,000 in labor. The Lagrange multiplier is . What is the practical meaning of the statement ? A) If the number of units of labor is increased by 1, we expect the number of mops to increase by about 0.3. B) If the number of units of capital is increased by 1, we expect the budget to increase by about $0.3. C) If the budget is increased by $1, we expect the number of mops to increase by about 0.3. D) If the number of mops is increased by 1, we expect the budget to increase by about $0.3. . What is the practical meaning of the statement A mop company can produce mops using x units of capital and y units of labor, with production costs dollars. With a budget of $500,000, the maximum production is 65,000, using $350,000 in capital and $150,000 in labor. The Lagrange multiplier is . What is the practical meaning of the statement ? A) If the number of units of labor is increased by 1, we expect the number of mops to increase by about 0.3. B) If the number of units of capital is increased by 1, we expect the budget to increase by about $0.3. C) If the budget is increased by $1, we expect the number of mops to increase by about 0.3. D) If the number of mops is increased by 1, we expect the budget to increase by about $0.3. ?


A) If the number of units of labor is increased by 1, we expect the number of mops to increase by about 0.3.
B) If the number of units of capital is increased by 1, we expect the budget to increase by about $0.3.
C) If the budget is increased by $1, we expect the number of mops to increase by about 0.3.
D) If the number of mops is increased by 1, we expect the budget to increase by about $0.3.

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