Question 1:

\f\f\fConsider the Cobb-Douglas Production function: P(L, K) = 24LU-7K0-3 Find the marginal productivity of labor and marginal productivity of capital functions. Enter your answers using CAPITAL L and K, or your answer will not be recognized. Also, do NOT use negative powers...convert all powers so they are positive. Use the preview button to make sure your answ is entered correctly before you submit any answer(s)! At an Oregon ber-manufacturing facility, an analyst estimates that the weekly number of pounds of acetate fibers that can be produced is given by the function: 2 = f(:1:, y) = 120003: + 30003; + 73:23; 9:133 Where: 2 = the weekly # of pounds of acetate fiber 2: = the # of skilled workers at the plant y = the # of unskilled workers at the plant Determine the following: A) The weekly number of pounds of fiber that can be produced with 19 skilled workers and 38 unskilled workers. Answer = pounds B) Find an expression (fx) for the rate of change of output with respect to the number of skilled workers. C) Find an expression (fy) for the rate of change of output with respect to the number of unskilled workers