For each of the following production functions Q = f(K,L), find the marginal productivity with respect to K and L a) Q = 5KL – 2K² – 2L² at K = 1 and L = 1 %3D - 1 b) Q = 0.03K³ – 0.4KL+ 0.5L2 at K = 8 and L = 4

For each of the following production functions Q = f(K,L), find the marginal productivity with respect to K and L a) Q = 5KL – 2K² – 2L² at K = 1 and L = 1 %3D - 1 b) Q = 0.03K³ – 0.4KL+ 0.5L2 at K = 8 and L = 4

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

For each of the following production functions Q = f(K,L),
find the marginal productivity with respect to K and L
a) Q = 5KL – 2K² – 2L²
at K = 1 and L = 1
%3D
1
b) Q = 0.03K³ – 0.4KL + 0.5L7 at K = 8 and L = 4
-

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