5. Given Q = 10 K 04L00 a) Find the marginal productivity of capital and labour. b) If the company is currently using 3000 units of capital and 2000 units of labour, find the marginal productivity of capital and the marginal productivity of labour. c) For the greatest increase in productivity, should the management of the company encourage increased use of capital or increased use of labour?
5. Given Q = 10 K 04L00 a) Find the marginal productivity of capital and labour. b) If the company is currently using 3000 units of capital and 2000 units of labour, find the marginal productivity of capital and the marginal productivity of labour. c) For the greatest increase in productivity, should the management of the company encourage increased use of capital or increased use of labour?
Chapter14: Monopoly
Section: Chapter Questions
Problem 14.1P
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