The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x0y.38 (A) Find f, (x.y) and fy(x,y). (B) If the country is now using 600 units of labor and 500 units of capital, find the marginal productivity of labor and the marginal productivity of capital. (C) For the greatest increase in the country's productivity, should the government encourage increased use of labor or increased use of capital? (A) f, (xy)=D (B) The marginal productivity of labor is. (Round to two decimal places as needed.) The marginal productivity of capital is. (Round to two decimal places as needed.) courage increased use of (C) For the greatest increase in the country's productivity, the government should

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
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The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x 0y.38.
(A) Find f, (x.y) and fy(x,y).
(B) If the country is now using 600 units of labor and 500 units of capital, find the
marginal productivity of labor and the marginal productivity of capital.
(C) For the greatest increase in the country's productivity, should the government
encourage increased use of labor or increased use of capital?
(A)F, ky) =D
(B) The marginal productivity of labor is.
(Round to two decimal places as needed.)
The marginal productivity of capital is.
(Round to two decimal places as needed.)
(C) For the greatest increase in the country's productivity, the government should encourage increased use of
Enter your answer in each of the answer boxes.
Transcribed Image Text:The productivity of a certain country with the utilization of x units of labor and y units of capital is given approximately by the function f(x,y) = 100x 0y.38. (A) Find f, (x.y) and fy(x,y). (B) If the country is now using 600 units of labor and 500 units of capital, find the marginal productivity of labor and the marginal productivity of capital. (C) For the greatest increase in the country's productivity, should the government encourage increased use of labor or increased use of capital? (A)F, ky) =D (B) The marginal productivity of labor is. (Round to two decimal places as needed.) The marginal productivity of capital is. (Round to two decimal places as needed.) (C) For the greatest increase in the country's productivity, the government should encourage increased use of Enter your answer in each of the answer boxes.
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