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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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
Transcribed Image Text:The productivity of a country is represented by the function
f(x, y) = 40x³/4 y 1/4
where x units of labour and y units of capital are used. What are the marginal productivity of labour and
marginal productivity of capital when 3 units of labour and 48 units of capital are used.
Marginal Productivity of Labour:
Marginal Productivity of Capital:
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