Suppose the production function of a company is given by where x represents units of labor and
Question:
Suppose the production function of a company is given by
where x represents units of labor and y represents units of capital. Find the following when 6 units of labor and 8 units of capital are used.
(a) The marginal productivity of labor
(b) The marginal productivity of capital
Transcribed Image Text:
P(x, y) = 250 Vx² + y²₁
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