Question: Problem 8: For the following Cobb-Douglas production function P = 2020.8 K0:2, L 2 0 is the labor and K 2 0 is the capital.

Problem 8: For the following Cobb-Douglas production function P = 2020.8 K0:2, L 2 0 is the labor and K 2 0 is the capital. Compute the marginal productivity of labor, defined by PL = 2 and the marginal productivity of capital, defined by PK OK for L = 40, K = 40; for L = 60, K = 40

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