3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) = 40x4/5y1/5 when x units of labor and y units of capital are used. What are the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal places.)
3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) = 40x4/5y1/5 when x units of labor and y units of capital are used. What are the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal places.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Transcribed Image Text:3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) =
40x4/5y1/5 when x units of labor and y units of capital are used.
What are the marginal productivity of labor and the marginal productivity of capital when the amounts
expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal
places.)
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