Question: 1. If y = (6x + 7)0.5(2.6x2 - 1.9), what is dy/dx?
2. What output will maximize total revenue given the non-linear demand schedule p = (60 - 2q)1.5?
3. Derive a function for the marginal product of L given the production function Q = 85(0.5K0.8 + 3L0.5)0.6
If Q = 120K0.5(250 - 0.5K)0.3 at what value of K will dQ/dK = 0? (That is, find the first-order condition for maximization of Q.)