In

Example 6.4 LOADING...

,

wheat is produced according to the production function:

q equals 100 left parenthesis Upper K Superscript 0.6 Baseline Upper L Superscript 0.4 Baseline right parenthesis

.

Beginning with a capital input of 4 and a labor input of 49, show that the marginal product of labor and the marginal product of capital are both decreasing.

(Round

your responses to two decimal

places.)

The

MPK

at 5 units of capital is

156.17 ?

.

The

MPK

at 6 units of capital is

144.02 ?

.

The

MPL

at 50 units of labor is

8.84 ?

.

The

MPL

at 51 units of labor is

8.74 ?

.