Consider the Cobb-Douglas production function f(x, y) = 400x^0.75y^0.25. When x = 1400 and y = 700,

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Consider the Cobb-Douglas production function f(x, y) = 400x^0.75y^0.25.

When x = 1400 and y = 700, find the following. (Round your answers to two decimal places.)

(a) the marginal productivity of labor, f/x

(b) the marginal productivity of capital, f/y

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Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

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Posted Date: Feb 13, 2024 02:39 AM

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Consider the Cobb-Douglas production function f(x, y) = 400x^0.75y^0.25. When x = 1400 and y = 700,

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Algebra and Trigonometry

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