Question: Need help with math problem. View screenshot below for problem. A) Solve the following problem on its own sheet of blank paper MississippiWaterWorld Inc. has

Need help with math problem. View screenshot below for problem.

A) Solve the following problem on its own sheet of blank paper MississippiWaterWorld Inc. has a new pool floaty device (trademark #93426t). The Cobb-Douglas Production function for this item is: P(L, K) = 1510.4 1 0.6 (i) Find the Marginal Productivity of Labor when 16 units of labor and 15 units of capital are invested. (Give your answer to two decimal places) (ii) Find Marginal Productivity of Capital when 16 units of labor and 15 units of capital are invested. (Give your answer to two decimal places) (iii) In clear words, explain what your Part (i) answer means IN CONTEXT. Include proper units and use a complete sentence. B) Enter a response as described below In the answer box, enter your complete-sentence answer to part (iii). Edit * Insert Formats B I U X2 A - A Y

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