View the step-by-step solution to:


Consider the Cobb-Douglas production function


= 100x0.85y0.15.

When x = 3500 and y = 700,

 find the following. (Round your answers to two decimal places.)

(a) the marginal productivity of labor, ∂f/∂x

(b) the marginal productivity of capital, ∂f/∂y

Top Answer

The marginal productivity of labor and capital can be found... View the full answer

Sign up to view the full answer

Other Answers

(a) the marginal productivity of labor, f / x When x =3500and y =700 f... View the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question