The Weekly Output of a Certain Product Is Q(x)= 200x

question 112

Short Answer

The weekly output of a certain product is Q(x)= 200x +
where x is the number of workers.Find the equation of the tangent line to this equation when there are 60 workers.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, assuming all resources are fully and efficiently utilized.

Input Price Ratio

The ratio of the prices of the inputs used in the production of goods or services.

Absolute Advantage

A condition in which a country, individual, or company can produce a good or service at a lower cost per unit than competitors can.

Comparative Advantage

The ability of a country, individual, or company to produce a good or service at a lower opportunity cost compared to others.