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Producer theory (technology) this function is known by the name of Cobb-Douglas and is widely used to measure productivity between sectors. There are many empirical

Producer theory (technology)

this function is known by the name of Cobb-Douglas and is widely used to measure productivity between sectors. There are many empirical works where this type of functions is used

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Producer theory (technology) 2) Let the production function be Q = K" L'-. Where Q is the quantity produced, K the units of capital and L the units of labor factor employed in the productive process. Find the partial derivatives de/dK.. y dQ/dL . Interpret do/dK., y dQ/dL in the microeconomic context of marginal productivity . What factor of production generates greater productivity in the company? (Note: this function is known by the name of Cobb-Douglas and is widely used to measure productivity between sectors. There are many empirical works where this type of functions is used.)

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