A manufacturer estimates that the annual output at a certain factory is given by K,L) = 40K0.8L0.2 units, where K is the capital expenditure in thousands of dollars a size of the labor force in worker-hours. Suppose that the current capital expenditure is 0000 and the labor level is 560 worker-hours. ind the current marginal productivity of capital QK- SWER: ind the current marginal productivity of labor QL. SWER: hould the manufacturer consider adding a unit of canital or a unit of labor in order to ir

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Q: Thanks you, U explained very well

A: Thank you for the feed back.

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