51 ALLOCATION OF LABOR Using x hours of skilled labor and y

Last updated: 2/22/2023

51 ALLOCATION OF LABOR Using x hours of skilled labor and y hours of unskilled labor a manufacturer can produce Q x y 10xy 2 units Currently 30 hours of skilled labor and 36 hours of unskilled labor are being used Suppose the manufacturer reduces the skilled labor level by 3 hours and increases the unskilled labor level by 5 hours Use calculus to determine the approximate effect of these changes on production