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Please solve 4) (8 points) Consider the following Cobb-Douglas production function: 1 1 Y = K2LZ a) (2 points) Compute the marginal product of capital

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4) (8 points) Consider the following Cobb-Douglas production function: 1 1 Y = K2LZ a) (2 points) Compute the marginal product of capital (MPK) and the marginal product of labor (MPL). M P L = ( KZ MPK = ( LZ ) 2 ( 1/2 ) b) (2 points) Evaluate MPK and MPL at K=9 and L=16. Interpret your

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