Question: Question 1 If a firm's production function is Q = AKLB = 10K 0.4 0.6 Where Q denotes total production, K denotes capital, and L

Question 1 If a firm's production function is Q = AKLB

Question 1 If a firm's production function is Q = AKLB = 10K 0.4 0.6 Where Q denotes total production, K denotes capital, and L denotes labor. Find marginal productivity of labor and capital when (K, L) = (10,10). If the production elasticity of capital can be defined as one and production elasticity of labor defined as , show that production elasticity of capital and labor are a = 0.4 and B = 0.6

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