The International Calculator Company of China produces handheld calculators in its plant.

It tries to keep the number of workers in the plant constant so the only variable factor that can be measured is materials. Over the last seven monthly periods, the data for materials and quantity produced were the following:

Materials Quantity 70 450 60 430 80 460 95 490 77 465 100 550 85 490

a. Calculate a Cobb-Douglas production function of the form Q 5 aMb.

b. Discuss the important properties of your results.

c. What is the marginal product of materials?