The production function z for one country is z = x 0.7 y 0.3 , where x

Question:

The production function z for one country is z = x^0.7y^0.3, where x represents the amount of labor and y the amount of capital. Find the marginal productivity of the following.
(a) Labor

(b) Capital

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Question Posted: Jan 19, 2023 03:13 AM

See More Questions

The production function z for the United States was once estimated as z = Cx 0.75 y 0.25 , where x stands for the amount of labor and y the amount of capital and C is a constant. Find the marginal...
Country A and country B both have the production function Y = F(K, L) = K1/2L1/2. a. Does this production function have constant returns to scale? Explain. b. What is the per-worker production...
The table to the right represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can...
The Rosa model of Mohave Corp. is currently manufactured as a very plain umbrella with no decoration. The company is considering changing this product to a much more decorative model by adding a...
Explain how the process view of an organization less likely to uncover the need for greater cross-functional cooperation.
Explain why the OECD's recommendation No. 3 may not be effective in deterring $\mathbb{I P}$ spoofing.
Identify and discuss the main methods of valuing the shares of a business.
On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common stock issued and outstanding. At December 31, 2016, stockholders' equity had the amounts listed here. Common Stock...
A productivity index of 110% means that a companys labor costs would have been 10% higher if it had not made production improvements. Now refer to the Income Statement in Digby's Annual Report. The...
The cost (in dollars) to manufacture x solar cells and y solar collectors is c(x, y) = x 2 + 5y 2 + 4xy - 70x - 164y + 1800. (a) Find values of x and y that produce minimum total cost. (b) Find the...
The manufacturing cost (in dollars) for a certain computer is given by c(x, y) = 2x + y 2 + 4xy + 25, where x is the memory capacity of the computer in gigabytes (GB) and y is the number of hours of...
The number of natural frequencies of a continuous system is a. infinite b. one c. finite
Explain the background and prerequisites of supply chain management. Present the basic factors for implementing cooperation between companies in relation to supply chain integration, and discuss what...
You're soliciting for a $2M non-commercial research and development effort to produce prototypes for a handheld virus scanner. There appears to be only one source capable of performing this...
1. what is the Nordic Model to prostitution?2. what are the advantages/disadvantages of the Nordic Model?3. many groups (including the ACLU) advocate for the decriminalization or legalization of sex...
A property owner is considering installing electric valves with automatic timers on their sprinkler systems. They estimate needing 45 valves and timers costing $65 for each set. Initial installation...
Will each scenario shift the aggregate supply curve, the aggregate demand curve, both, or neither? Items (4 items) (Drag and drop into the appropriate area below) A new technology makes workers more...
A baseball is tossed at a steep angle into the air and makes a smooth parabolic path. Its time in the air is t, and it reaches a maximum height h. Assume that air resistance is negligible. (a) Show...
To help you become familiar with the accounting standards, this case is designed to take you to the FASBs Web site and have you access various publications. Access the FASBs Web site at...
For base b > 0, b 1, show that a. By using the fact that b x = e x ln b . b. By using logarithmic differentiation. d dx -(b) = (In b)b*
Two plants grow in such a way that t days after planting, they are P 1 (t) and P 2 (t) centimeters tall, respectively, where a. At what rate is the first plant growing at time t = 10 days? Is the...
In Exercises 83 through 86 solve for x. ln(x + 3) ln x = 5 ln(x 2 4)
) A form used to organize and check data before preparing financial reports is known as a(n):A) statement of financial position.B) income statement.C) ledger. D) worksheet.2) Bringing account...
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries Expense; Credit Accounts PayableD) Debit...
9) The general journal:A) is the book of original entry.B) is the book of final entry.C) contains account balances.D) is completed after the closing entries.10) The process of initially recording...

The production function z for one country is z = x 0.7 y 0.3 , where x

Question:

Step by Step Answer:

z x 07 y 03 a The margin...View the full answer

Calculus With Applications

Students also viewed these Mathematics questions