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The Cobb-Douglas production function for a product is N(x,y) = 10(x^0.8)(y^0.2) where x is the number of units of labor and y is the number
The Cobb-Douglas production function for a product is N(x,y) = 10(x^0.8)(y^0.2) where x is the number of units of labor and y is the number of units of capital required to produce N units of the product. What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? Nx(x,y) = Nx(40, 50) = Ny(x,y) = Ny(40, 50) = If each unit of labor costs $100, each unit of capital costs $50, and $10,000 is budgeted for production of this product, what is the constraint equation? What is F(x, y, 2)? Use h instead of 2. What are F.(x,y,h), F, (x,y,h), and Fn(x,y,h)? g(x,y) = F(x,y,h) = Fx(x,y,h) = Fy(x,y,h) = Fh(x,y,h) = The Cobb-Douglas production function for a product is N(x,y) = 10(x^0.8)(y^0.2) where x is the number of units of labor and y is the number of units of capital required to produce N units of the product. What is the marginal productivity of labor and the marginal productivity of capital? What are they when there are 40 units of labor and 50 units of capital? Nx(x,y) = Nx(40, 50) = Ny(x,y) = Ny(40, 50) = If each unit of labor costs $100, each unit of capital costs $50, and $10,000 is budgeted for production of this product, what is the constraint equation? What is F(x, y, 2)? Use h instead of 2. What are F.(x,y,h), F, (x,y,h), and Fn(x,y,h)? g(x,y) = F(x,y,h) = Fx(x,y,h) = Fy(x,y,h) = Fh(x,y,h) =
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