The value of ∂ Q ∂ K and ∂ Q ∂ L for capital expenditures $250,000 and the labor hours 1225 for the output Q (in gallons of paints) of a paint manufacturer can be modeled by Q = 140 K 1 / 2 L 1 / 2 where K is the company’s capital expenditures in thousands of dollars and L is size of labor force (in hours worked). Interpret each answer.

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Chapter 14.2, Problem 54E

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To calculate: The value of ∂Q∂K and ∂Q∂L for capital expenditures $250,000 and the labor hours 1225 for the output Q (in gallons of paints) of a paint manufacturer can be modeled by Q=140K1/2L1/2 where K is the company’s capital expenditures in thousands of dollars and L is size of labor force (in hours worked). Interpret each answer.

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