Question: Consider the Cobb-Douglas production function f(x, y) = 300x0.85, 0.15 When x = 4000 and y = 800, find the following. (Round your answers

Consider the Cobb-Douglas production function f(x, y) = 300x0.85, 0.15 When x

Consider the Cobb-Douglas production function f(x, y) = 300x0.85, 0.15 When x = 4000 and y = 800, find the following. (Round your answers to two decimal places.) (a) the marginal productivity of labor, af/ax (b) the marginal-productivity of capital, afjay 1

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