The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x0.66,0.34 (A) Find f,(x.y) and f, (x.y). (B) If the country is now using 500 units of labor and 400 units of capital, find the marginal productivity of labor and the marginal productivity of capital. (C) For the greatest increase in the country's productivity, should the government encourage increased use of labor or increased use of capital? (A)T, (x.Y) = (B) The marginal productivity of labor is approximately. (Round to two decimal places as needed.) The marginal productivity of capital is (Round to two decimal places as needed.) approximately. CFor the greatest increase in the country's productivity, the government should encourage increased use of
The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x0.66,0.34 (A) Find f,(x.y) and f, (x.y). (B) If the country is now using 500 units of labor and 400 units of capital, find the marginal productivity of labor and the marginal productivity of capital. (C) For the greatest increase in the country's productivity, should the government encourage increased use of labor or increased use of capital? (A)T, (x.Y) = (B) The marginal productivity of labor is approximately. (Round to two decimal places as needed.) The marginal productivity of capital is (Round to two decimal places as needed.) approximately. CFor the greatest increase in the country's productivity, the government should encourage increased use of
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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Transcribed Image Text:The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x0.66,0.34
(A) Find f,(x.y) and f, (x.y).
(B) If the country is now using 500 units of labor and 400 units of capital, find the
marginal productivity of labor and the marginal productivity of capital.
(C) For the greatest increase in the country's productivity, should the government
encourage increased use of labor or increased use of capital?
(A) F, (x,y) =
(B) The marginal productivity of labor is approximately.
(Round to two decimal places as needed.)
The marginal productivity of capital is
(Round to two decimal places as needed.)
approximately.
(C)For the greatest increase in the country's productivity, the government should encourage increased use of
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