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For the following Cobb-Douglas production function Q = 181.30.27 / 0.26 1. what is the quantity when K=9.2 , L=1.6? 2. what is the marginal
For the following Cobb-Douglas production function Q = 181.30.27 / 0.26 1. what is the quantity when K=9.2 , L=1.6? 2. what is the marginal product of capital at K=9.2, L=1.6? 3. what is the marginal product of labor at K=9.2, L=1.6? 4. output price P=10 and wages w=50, what is the profit maximizing labor, L, when capital is fixed at K=9.2? 5. output price P=10, wages w=50, what is the profit maximizing quantity Q when capital is fixed K=9.2? 6. output price P=10, wages w=50, rental rates r=30, what is the maximum profit when capital is fixed K=9.2
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