Chapter 13.3, Problem 120E

(a)

To determine

To calculate: The marginal productivity of labor $\frac{\partial f}{\partial x}$ when Cobb-Douglas production function is $f\left(x,y\right)=200x^{0.7}{y}^{0.3}$, where $x=1000$ and $y=500$.

(b)

To determine

To calculate: The marginal productivity of capital $\frac{\partial f}{\partial y}$ when Cobb-Douglas production function is $f\left(x,y\right)=200x^{0.7}{y}^{0.3}$, where $x=1000$ and $y=500$.