4 views

Uploaded by Mansoor Khalid

save

- Paul A samuelson's Lecture
- Perloff 3e IM Ch03
- Chapter 08
- Tax Morale
- Traffic Management
- intmicro_spring13_ps2
- econ11_09_lecture2
- Samuelson 1958
- Value of Time VOT 2.pdf
- 19470190 Unit III Utility Analysis Economics
- Consumer Decision Process
- Some Interval Neutrosophic Linguistic Maclaurin Symmetric Mean Operators and Their Application in Multiple Attribute Decision Making
- Sri Mulyani Disetasi
- Consumer Choice or Behaviour Theory
- tran up4 1
- Automobile Industry
- 3
- 4th year
- Engineering Labour Market in Canada - Projections to 2025.pdf
- The hybrid mean value of the Smarandache function and the Mangoldt function
- work_measurement.pdf
- 901350_S04.ppt
- What Good is Wealth Without Health the Effect of H
- 06_chapter 1.pdf
- Managerial EconomicsIII
- Link to Success: How Blogs Build an Audience by Promoting Rivals
- MAC2311_TT1_2011F
- Sample only
- w
- Technology
- CHAPTER 2.docx
- CHAPTER 4.docx
- CHAPTER 1.docx
- Chapter 9
- CHAPTER 7.docx
- CHAPTER 6.docx
- 1.pdf
- CHAPTER 5.docx
- CHAPTER 8.docx
- Chapter 8
- kotler07basic-1227033641063130-8
- CHAPTER 9
- CHAPTER 3.docx
- Dip Bisnes Marketing chap 3
- Chapter 11
- Lec7 bba.docx
- Assignment 6.16.2.docx
- Chapter 5
- Chapter 6
- 7.3.docx
- LP1bba.docx
- lec6.16.2.docx
- Chapter 2
- Applications 7.3b.docx
- lec6bba.docx
- assign 4a.docx
- Lecture 4.docx
- Lecture 5.docx
- 7.2.docx
- Chapter 10
- Energy Costs and the Steel Sector
- Pré-Teste - Renda Fixa - Gabarito.pdf
- IDLC Report
- Programa de Turismo Sustentable en México
- Sistema Economico Comunal
- CE738G - Roteiro e exercícios (micro - teoria do consumidor, teoria da firma)
- Lip i Gas Explica
- Comunicaciones, RH y Staholders, SS 2016. 3era Sesión.ppt
- La Microempresa Agropecuaria Familiar Como Modelo Para Incrementar Los Ingresos Económicos, Autonomía Y Empoderamiento De Las Mujeres
- La macroeconomía clásica o neoclásica de corto plazo
- Audited Financial Results For The Year Ended 31St March, 2017. [Company Update]
- Case44notes.docx
- levis balance sheet
- Tasa Interna de Retardo
- kt
- TUNA 2012
- LA HETEROGENEIDAD DEL MICROCREDITO EN EL SECTOR FINANCIERO REGULADO PERUANO.pdf
- Diccionario de Comercio Internacional Tomo I
- COTEB - Código Tributário do Estado da Bahia
- Im Prime
- Japan - Unemployment, Underemployment, And Other Financial Pain
- Bbva Final Balanced scorecard
- Auditori a en Cuenta Spor Cobra r
- Deber I Simple Completoaaa
- APORTE LEGISLACION
- Tesis Farmacia
- Ley Contrataciones Publicas Venezuela Red.pdf2010
- Qué entiende usted por empowerment
- TTema15NUEVO
- Make Trade Fair in the Americas: Agriculture, Investment and Intellectual Property: Three reasons to say no to the FTAA

You are on page 1of 8

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.

- Paul A samuelson's LectureUploaded byapi-25959583
- Perloff 3e IM Ch03Uploaded byAmir Makhkamov
- Chapter 08Uploaded byMax
- Tax MoraleUploaded bywlid38
- Traffic ManagementUploaded byjohn
- intmicro_spring13_ps2Uploaded byNdivhuho Neosta
- econ11_09_lecture2Uploaded byFatima Sadik
- Samuelson 1958Uploaded byRob Schuitemaker
- Value of Time VOT 2.pdfUploaded byiciubotaru20002123
- 19470190 Unit III Utility Analysis EconomicsUploaded byharshdave123456789
- Consumer Decision ProcessUploaded byAnkit Kumar
- Some Interval Neutrosophic Linguistic Maclaurin Symmetric Mean Operators and Their Application in Multiple Attribute Decision MakingUploaded byMia Amalia
- Sri Mulyani DisetasiUploaded byaprikn
- Consumer Choice or Behaviour TheoryUploaded byPeter Owusu
- tran up4 1Uploaded byapi-437393622
- Automobile IndustryUploaded byrabzee
- 3Uploaded byCharitha Ranwala
- 4th yearUploaded byGladys Degones Guiller - Maglapit
- Engineering Labour Market in Canada - Projections to 2025.pdfUploaded byAndres Rodríguez
- The hybrid mean value of the Smarandache function and the Mangoldt functionUploaded byDon Hass
- work_measurement.pdfUploaded bySyafiq Aiman
- 901350_S04.pptUploaded bypramod
- What Good is Wealth Without Health the Effect of HUploaded bygimilimar
- 06_chapter 1.pdfUploaded bySundeep Narwani
- Managerial EconomicsIIIUploaded bysuresh_singh0904
- Link to Success: How Blogs Build an Audience by Promoting RivalsUploaded byEric Prenen
- MAC2311_TT1_2011FUploaded byexamkiller
- Sample onlyUploaded byIan Nazareth
- wUploaded byapi-253679034
- TechnologyUploaded byDaniyal Usmani

- CHAPTER 2.docxUploaded byMansoor Khalid
- CHAPTER 4.docxUploaded byMansoor Khalid
- CHAPTER 1.docxUploaded byMansoor Khalid
- Chapter 9Uploaded byMansoor Khalid
- CHAPTER 7.docxUploaded byMansoor Khalid
- CHAPTER 6.docxUploaded byMansoor Khalid
- 1.pdfUploaded byMansoor Khalid
- CHAPTER 5.docxUploaded byMansoor Khalid
- CHAPTER 8.docxUploaded byMansoor Khalid
- Chapter 8Uploaded byMansoor Khalid
- kotler07basic-1227033641063130-8Uploaded byAbhishek Gupta
- CHAPTER 9Uploaded byMansoor Khalid
- CHAPTER 3.docxUploaded byMansoor Khalid
- Dip Bisnes Marketing chap 3Uploaded bycacingkelawet
- Chapter 11Uploaded byMansoor Khalid
- Lec7 bba.docxUploaded byMansoor Khalid
- Assignment 6.16.2.docxUploaded byMansoor Khalid
- Chapter 5Uploaded byMansoor Khalid
- Chapter 6Uploaded byMansoor Khalid
- 7.3.docxUploaded byMansoor Khalid
- LP1bba.docxUploaded byMansoor Khalid
- lec6.16.2.docxUploaded byMansoor Khalid
- Chapter 2Uploaded byMansoor Khalid
- Applications 7.3b.docxUploaded byMansoor Khalid
- lec6bba.docxUploaded byMansoor Khalid
- assign 4a.docxUploaded byMansoor Khalid
- Lecture 4.docxUploaded byMansoor Khalid
- Lecture 5.docxUploaded byMansoor Khalid
- 7.2.docxUploaded byMansoor Khalid
- Chapter 10Uploaded byMansoor Khalid

- Energy Costs and the Steel SectorUploaded byMatt Mace
- Pré-Teste - Renda Fixa - Gabarito.pdfUploaded byMonica Marques
- IDLC ReportUploaded byKelly Mcmillan
- Programa de Turismo Sustentable en MéxicoUploaded bypauldupuis
- Sistema Economico ComunalUploaded byReinaldo Diaz
- CE738G - Roteiro e exercícios (micro - teoria do consumidor, teoria da firma)Uploaded byRoberto Simiqueli
- Lip i Gas ExplicaUploaded byCristian Santana
- Comunicaciones, RH y Staholders, SS 2016. 3era Sesión.pptUploaded by'Anniel Figueroa
- La Microempresa Agropecuaria Familiar Como Modelo Para Incrementar Los Ingresos Económicos, Autonomía Y Empoderamiento De Las MujeresUploaded byinventionjournals
- La macroeconomía clásica o neoclásica de corto plazoUploaded by3453vefvefvfg
- Audited Financial Results For The Year Ended 31St March, 2017. [Company Update]Uploaded byShyam Sunder
- Case44notes.docxUploaded bySantos Degollado
- levis balance sheetUploaded bykrish_jaan
- Tasa Interna de RetardoUploaded byLuis Fernando Corzo Gutierrez
- ktUploaded byDeepankar Sharma
- TUNA 2012Uploaded byPraveen Babu
- LA HETEROGENEIDAD DEL MICROCREDITO EN EL SECTOR FINANCIERO REGULADO PERUANO.pdfUploaded byKevin Crhysler Díaz Guerrero
- Diccionario de Comercio Internacional Tomo IUploaded byEstherEscudero
- COTEB - Código Tributário do Estado da BahiaUploaded byoalfernandes
- Im PrimeUploaded byKely Yudith Villalobos Collantes
- Japan - Unemployment, Underemployment, And Other Financial PainUploaded bypatricDiederich8a
- Bbva Final Balanced scorecardUploaded byAlexis Luna Ccoa
- Auditori a en Cuenta Spor Cobra rUploaded byIris Briceyda
- Deber I Simple CompletoaaaUploaded bySpmdibu Cuca
- APORTE LEGISLACIONUploaded byJoel Lee
- Tesis FarmaciaUploaded byfiorells
- Ley Contrataciones Publicas Venezuela Red.pdf2010Uploaded bymaryperdomo20
- Qué entiende usted por empowermentUploaded byJordan Resines Cárdenas
- TTema15NUEVOUploaded byJuvenal Javier Maqque Curo
- Make Trade Fair in the Americas: Agriculture, Investment and Intellectual Property: Three reasons to say no to the FTAAUploaded byOxfam