Question

The automobile assembly plant you manage has a Cobb-Douglas production function given by:
P = 10x^0.5y^0.5
where P is the number of automobiles it produces per year, x is the number of employees, and y is the daily operating budget (in dollars). Assume that you maintain a constant work force of 130 workers and wish to increase production in order to meet a demand that is increasing by 50 automobiles per year. The current demand is 1000 automobiles per year. How fast should your daily operating budget be increasing? Have to round to the nearest cent.
The automobile assembly plant you manage has a Cobb-Douglas production function given by:
P = 10x^0.5y^0.5
where P is the number of automobiles it produces per year, x is the number of employees, and y is the daily operating budget (in dollars). Assume that you maintain a constant work force of 130 workers and wish to increase production in order to meet a demand that is increasing by 50 automobiles per year. The current demand is 1000 automobiles per year. How fast should your daily operating budget be increasing? Have to round to the nearest cent.
@Mathematics

Answer 1

y =84.80769231

Answer 2

i feel so is it correct?

Answer 3

Could you explain how you got that answer?

Answer 4

is it right?

Answer 5

ummm nope

Answer 6

whts the answer?

Answer 7

Hey riley i got ur question now i feel answer is how fastly it is growing right?

Answer 8

Y is growing @ the rate of 10.25% every year.