Cobb-douglas production function, Mathematics

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Cobb-douglas production function

The productivity of a main manufacturer of microwave ovens is given approximately by the Cobb-Douglas production function f(x, y) = 45x^0.1y^0.9 with the utilization of x units of labor and y units of capital. If the company is currently utilizing 4500 units of labor and 2000 units of capital, find the marginal productivity of labor to the nearest unit.

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Mathematics: Cobb-douglas production function

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Mathematics: Cobb-douglas production function

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Recent Questions Asked Mathematics

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Ask an Expert for Answer!!

Mathematics: Cobb-douglas production function

Reference No:- TGS0873631

Recent Questions Asked Mathematics

Q : Two scores are combined from both rounds

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Q : Total storage and set-up costs

Q : Rate raise would increase their profit

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