Suppose the production function for a product is z = 65x2/5y3/5 where x is the capital expenditures and y is the number of work-hours. (a) Find the marginal productivity of x. (b) Find the marginal productivity of y.
Suppose the production function for a product is z = 65x2/5y3/5 where x is the capital expenditures and y is the number of work-hours. (a) Find the marginal productivity of x. (b) Find the marginal productivity of y.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQ
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Suppose the production function for a product is
z = 65x2/5y3/5
where x is the capital expenditures and y is the number of work-hours.
(a)
Find the marginal productivity of x.
(b)
Find the marginal productivity of y.
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