Consider the Cobb-Douglas production function F(x, y) = 200-0.65,0.35. When x = 1800 and y = 900, find the following. (Round your answers to two decimal places.) (a) the marginal productivity of labor, af/əx (b) the marginal productivity of capital, afiðy
Consider the Cobb-Douglas production function F(x, y) = 200-0.65,0.35. When x = 1800 and y = 900, find the following. (Round your answers to two decimal places.) (a) the marginal productivity of labor, af/əx (b) the marginal productivity of capital, afiðy
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Question
Consider the Cobb-Douglas production function
f(x, y) = 300x0.65y0.35.
When
x = 1800 and y = 900,
find the following. (Round your answers to two decimal places.)
(a) the marginal productivity of labor,
(b) the marginal productivity of capital,
∂f/∂x
(b) the marginal productivity of capital,
∂f/∂y
![Consider the Cobb-Douglas production function
F(x, y) = 300x-0.65,0.35,
When x = 1800 and y = 900, find the following. (Round your answers to two decimal places.)
(a) the marginal productivity of labor, Of/ax
(b) the marginal productivity of capital, ôf/ðy](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a7b7535-d381-478f-9aa2-64a6a0e57272%2Fe6b6ff43-d6c8-429f-8027-36cd1a4a318b%2Fruyug_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the Cobb-Douglas production function
F(x, y) = 300x-0.65,0.35,
When x = 1800 and y = 900, find the following. (Round your answers to two decimal places.)
(a) the marginal productivity of labor, Of/ax
(b) the marginal productivity of capital, ôf/ðy
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