3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) = 40x4/5y1/5 when x units of labor and y units of capital are used. What are the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal places.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
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ChapterP: Prerequisites
SectionP.4: Factoring Polynomials
Problem 84E: The rate of change of an autocatalytic chemical reaction is kQxkx2 where Q is the amount of the...
Question
3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) =
40x4/5y1/5 when x units of labor and y units of capital are used.
What are the marginal productivity of labor and the marginal productivity of capital when the amounts
expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal
places.)
Transcribed Image Text:3. Productivity of a Country The productivity of a country in Western Europe is given by the function f(x, y) = 40x4/5y1/5 when x units of labor and y units of capital are used. What are the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 1024 units and 32 units, respectively? (Round your answers to two decimal places.)
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