Question: Consider the Cobb - Douslas Production function: P ( L , K ) = 1 3 L 0 . 6 K 0 . 4 .
Consider the CobbDouslas Production function:
Find the marginal productivity of labor and marginal productivity of capital when units of labor and units of capital are invested. Your answers will be numbers, not functions or expressions Give your answer to three decimal places if necessary.
Marginal Productivity of Labor when is and is
Marginal Productivity of Capital when is and is
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