Suppose the productivity function for I units of labor and k unitsof capital isP = 21+ 3k2Find the marginal productivity with respect to capital for 4 units oflabor and 3 units of capital.

To calculate marginal-productivity of labor we find the partial derivative of P with respect to L.…

Answered: P = 21 + 3k? %3D Find the marginal…

Business

Economics

P = 21 + 3k? %3D Find the marginal productivity with respect to capital for 4 units c labor and 3 units of capital,

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.8P

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Suppose the productivity function for I units of labor and k units
of capital is
P = 21+ 3k2
Find the marginal productivity with respect to capital for 4 units of
labor and 3 units of capital.

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