The production function z for the United States was once estimated as z = Cx 0.75 y

Question:

The production function z for the United States was once estimated as z = Cx^0.75y^0.25, where x stands for the amount of labor and y the amount of capital and C is a constant. Find the marginal productivity of labor and of capital.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Question Posted: Jan 19, 2023 03:13 AM

The production function z for one country is z = x 0.7 y 0.3 , where x represents the amount of labor and y the amount of capital. Find the marginal productivity of the following. (a) Labor (b)...
in 1975, the price level for the united states was 100, the price level for pugelovia was also 100, and in the foreign exchange market one pugelovian pnut was equal to $1. In 2008, the U.S. price...
A Cobb- Douglas production function was estimated for six types of farms. There were five inputs in the production function: (1) land, (2) labor, (3) equipment, (4) livestock and feed, and (5) other...
2.) A truck with axle loads of W = 19.6kN and W2 = 78.6kN on a wheel base of d = 4.3m rolls across the beam shown in the figure. Determine the following: 3m 25 m 22 m a.) Draw the influence line for...
What are the reasons for formulating and implementing an operations and supply chain strategy?
Look at Figure 25.8, which shows the possible future payoffs in October 2014 from a particular package of investments involving TO stock and options. a. What package of investments would provide you...
A $0.50-\mathrm{kg}$ wood block slides $0.50 \mathrm{~m}$ on a horizontal floor before colliding elastically with a wall and reversing its direction of travel. If the block has an initial speed...
The stockholders equity section on the December 31, 2011, balance sheet of American Corporation follows: Stockholders Equity ___________________________________________________________ Contributed...
4. The atomic numbers of elements, U, V, W and X are 13, 14, 16 and 17 respectively. Which one of the elements will react with oxygen to form an ionic compound? (Atomic number of oxygen is 8) X A. B....
Use the region R with the indicated boundaries to evaluate each double integral. [[ (x y) dy dx; 1 x 1, x y r - R
The holes cut in a roof for vent pipes require elliptical templates. A formula for determining the length of the major axis of the ellipse is given by where D is the (outside) diameter of the pipe...
Refer to the Maritime Distributors petty cash fund data in Exercise 8-22. Suppose, one month later, the company decided to decrease the petty cash fund by $100 due to theft and break-ins in the area....
Discuss the relevance of the Lewis Model of Growth and Development in examining the process of structural transformation in the Less Developed Countries (LDCs) Evaluate the criticisms and limitations...
The S&P 500 Index closed at 2863.39 on April 28 and closed at 2939.51 on April 29. Calculate the continuously compounded return on the index from April 28 to April 29.Answer to the nearest hundredth...
Answer each of the questions and briefly explain your reasoning. a) Describe the difference between patents and design registration. Do they need to be registered? (4 marks) b) In what circumstances...
Consider a two station line. The first station pulls from an infinite supply of raw materials (i.e., there are always jobs available at the buffer of the first station). Between the two stations...
If A(1,2) , B(4,3) and C(6,6) are the vertices of a parallelogram ABCD, find the coordinates of the fourth vertex D.
What portion, if any, of the accounting system will likely require the assistance of an IT systems auditor, who evaluates evidence existing only in electronic form?
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
In Exercises 15 through 44, evaluate the given definite integral using the fundamental theorem of calculus. L (-3.6 (-3x 3x + 2x + 5) dx
Money is transferred continuously into an account at the constant rate of $2,400 per year. The account earns interest at the annual rate of 6% compounded continuously. How much will be in the account...
In Exercises 3 through 36, find the indicated integral and check your answer by differentiation. 1 - dx x ln x
As part of its growth strategy (in the late 1990s), the software giant decides to enter the gaming industry/market with a product (tentatively) called "EXbox". To this end, you, as part of the...
The annual demand for sand used during the winter months for the city of Boulder is 750000 pounds. The holding cost is $0.1 per lb per year and the ordering costs at $65 per order. Currently all the...
For more than 20 years, the Union has been the exclusive bargaining representative of production and maintenance employees of the Company. The most recent of a series of collective-bargaining...

The production function z for the United States was once estimated as z = Cx 0.75 y

Question:

Step by Step Answer:

z x 07 y 03 where x is la...View the full answer

Calculus With Applications

Students also viewed these Mathematics questions