The Cobb-Douglas Production function for a certain company is given by P(L,K)= 1400L ^0.7 K^0.3  where P = the total production L = the number of units of Labor K = the number of units of capital (money) A. Determine the production level when L = 4 and K = 6. B. What is the marginal productivity of Labor when L = 4 and K = 6? C. What is the marginal productivity of capital when L =4 and K = 3?

Calculus: Early Transcendentals
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Chapter1: Functions And Models
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The Cobb-Douglas Production function for a certain company is given by P(L,K)= 1400L ^0.7 K^0.3
 where P = the total production L = the number of units of Labor K = the number of units of capital (money)
A. Determine the production level when L = 4 and K = 6.
B. What is the marginal productivity of Labor when L = 4
and K = 6?
C. What is the marginal productivity of capital when L =4 and K = 3?

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