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Sec 7.

1
Functions of Several Variables

A function f of two independent variables x
and y is a rule that assigns to each ordered
pair (x,y) in a given set D the domain of f
exactly one real number f(x,y).

The domain of f is the set of all possible inputs
and the range is the set of corresponding
outputs.
Suppose f(x,y) =

3 x2 +

5y
x− y

Domain: All (x,y) such that x ≠y
Evaluate f(-1,2) :
When x = 1, y = -2,
Suppose f(x,y) =

3 x2 +

( 5 ) (−2 )
5y
10 −1
=3+
=3− =
x− y
1+2
3
3

the domain of f is all ordered pairs (x. Suppose f(x. brand 1 and brand 2. a. Find the domain of f. Sales figures indicate that if Brand 1 sells for x dollars per racket and brand 2 for y dollars per bracket. ln 2 ) =e2 e ln 2+ ln e 2=2 e2 +2=16. ln 2 ) . Ex. b. The demand for Brand 32 rackets will be D 2=200+ 40 x −10 y rackets per year . Since lnx is defined only if x>0.2. A sports store carries two kinds of rackets.y) fro which x>0.y) = y x e +lnx . the demand for brand 1 will be D1=300−20 x +30 y rackets per year . f ( x . y ) =x e y +lnx sp f ( e 2 . .78≈. Compute f ( e2 . The consumer demand of the two brands does not depend on its own price but also on the price of the competing brand.

R=No. L )=60 K 1 /3 L2/ 3 units where K is Capital investment measured in units of $1000 and L is the size of the labor force in worker hours.of Brand 2 rackets sold(Price per Brand 2 racket) ¿ ( 300−20 x +30 y ) x + ( 200+ 40 x−10 y ) y R=¿ Cobb Douglas Production Function Output Q at a certain factory is regarded as a function of the amoung K of capital investment and the size L of the labor force given by Q ( K .Express the store’s total annual revenue from the sale of these rackets as a function of price. output is given by Q ( K .of brand 1 rackets sold(price per brand 1 racket)+ No. L ) = A K α Lβ Where α. .β> 0 and α + β=1 Suppose that at a certain factory.

a. L )=60 K 1 /3 L2/ 3=60 ( 512 ) 3 ( 1000 ) 3 =60 ( 8 )( 1000 )=48000 units .y) = C is called a level curve of f at C.y) is determined by two inputs x and y hours of labor and capital respectively. Along this curve. Here K = 512 and L = 1000 so 1 2 Q ( K . different combinations of x and y will give us the same output C !!! .Compute the output if capita l investment is $512000 and 1000 worker hours of labor are used each day. b.y) in the xy.y) = C is called an isoquant. If the output Q(x.Show that output in (a) will double if both K and L are doubled. then the level curve Q(x.The set of points (x.plane that satisfy f(x. Level Curves Isoquants and Indifference Curves If the plane z = c intersects the surface z=f(x.y) the result is a curve in space.

utility U(x. When x = 16 and y = 20 we get 3 3 U ( x . y )=x 2 y .y) = C. find the consumer’s current level of utility. Ex: Suppose the utility derived by a consumer from x units of one commodity and y units of another commodity is given by the utility function 3 U ( x . If the consumer currently owns 16 units of the first commodity and 20 units of the second. Show the indifference curves. y )=x 2 y =( 16 ) 2 (20 )=1280 The corresponding indifference curve is 3 1280=x 2 y .Different combinations of x and y give the same level of consumer satisfaction . A level curve of the utility function is called an indifference curve.

2 Graphof f ( x . y ) =√ x 2 + y 2 . y )=x + y Graph of 2 f ( x .Graph of a function of two independent variables is a surface. Software can be used to sketch these graphs.

y )=10 x y=10 ( 20 ) ( 40 )=160000 b. Q ( x . y )=10 ( 21 )2 ( 40 )=176400=16400units . y = 40 so 2 2 Q ( x .Qs 27. Currently there are 20 skilled workers and 40 unskilled workers on the job. y )=10 x y units per day.By how much will the daily production rise if 1 more skilled worker is added to the current workforce? X = 21.Using x skilled workers and y unskilled 2 workers a manufacturer can produce Q ( x .How many units are currently produced each day? X = 20. y=40. a.

Increase in production = 176400 160000=16400 c.By how much will the daily production rise if 1 more skilled worker and 1 more unskilled worker is added to the current workforce? X = 21. y = 41. y = 41. y )=10 ( 20 )2 ( 41 )=¿ 164000 Increase in production = 164000-160000=4000 d. Q ( x . y )=10 ( 21 ) ( 41 )=¿ 449610 2 Increase=449610-160000=20810 . Q ( x . By how much will the daily production rise if 1 more unskilled worker is added to the current workforce? X = 20.