You are told that a profit-maximizing firm employs 15 workers and 3 units of capital. It produces output using the production function: Y= K(2/3)*LA(1/3) where Kis physical capital and Lis the number of workers. Compute the marginal product of capital. (State your answer to 2 decimal places)

You are told that a profit-maximizing firm employs 15 workers and 3 units of capital. It produces output using the production function: Y= K(2/3)*LA(1/3) where Kis physical capital and Lis the number of workers. Compute the marginal product of capital. (State your answer to 2 decimal places)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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