Question: Need help with 2 math problems. View screenshot below for problems. Consider the Cobb-Douglas Production function: P(L, K) = 16L'2K'3 Find the marginal productivity of

Need help with 2 math problems. View screenshot below for problems.

Need help with 2 math problems. View screenshot below for problems. Considerthe Cobb-Douglas Production function: P(L, K) = 16L'2K'3 Find the marginal productivity

Consider the Cobb-Douglas Production function: P(L, K) = 16L'2K'3 Find the marginal productivity of labor and marginal productivity of capital when 19 units of labor and 16 units of capital are invested. (Your answers will be numbers, not functions or expressions). Give your answer to three (3) decimal places if necessary. Marginal Productivity of Labor when L is 19 and K is 16 = :] Marginal Productivity of Capital when L is 19 and K is 16 = :] > Next Question SHOW YOUR WORK Don't forget that all of your work should be shown neatly using all of the guidelines provided up to this point in this course. Lil a You will need to upload your work for this quiz, so please show your work neatly DURING the quiz. 6 2' Let f(:c, y) = 322 29: + 3y + 4112 + 99:1; List the critical point: : (Write your answer in the form (x,y)) The critical point is a > Next Question l

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