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Consider the Cobb-Douglas production function. Find the marginal productivity of labor (L) and the marginal productivity of functions first. capital (K) of the given functions,
Consider the Cobb-Douglas production function. Find the marginal productivity of labor (L) and the marginal productivity of functions first. capital (K) of the given functions, match the answers to the appropriate functions. Note: Find the MP(L) and MP(K) of all the f (L, K) = -- v 9 20.5 x-0.5 f ( L, K ) = 3 201 7-0.9 f (L, K) = - V 11 0.3 70.7 f (L, K) = -- v 4.570.5 3 10.2 0.8 1. MP(K)= 70.5 0.3 7 0.9 2. MP(D) = L0.9 3. MP(L) = 7.7 K-0.3 L0.3 4. MP(K ) = 0.620.8 K0.8
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