Consider the Cobb-Douglas production function (x, y) = 200x 0.7 y 0.3 . When x = 1000

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Consider the Cobb-Douglas production function ƒ(x, y) = 200x^0.7y^0.3. When x = 1000
and y = 500, find

(a) The marginal productivity of labor,
∂ƒ/∂x,

(b) The marginal productivity of capital, ∂ƒ/∂y.

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Question Posted: Mar 29, 2023 05:05 AM

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Consider the Cobb-Douglas production function (x, y) = 200x 0.7 y 0.3 . When x = 1000

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Calculus

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