Suppose a companys monthly production value q in thousands, Microeconomics

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Suppose a companys monthly production value q in thousands

Question: Suppose a company's monthly production value Q, in thousands of dollars, is given by the Cobb-Douglas production function

Q = 10K^0.45L^0.55

where K is thousands of dollars of capital investment per month and L is the total hours of labor per month. Capital investment is currently $10,000 per month and monthly work-hours of labor total 1590.

(a) Find the monthly production value (to the nearest thousand dollars).

(b) Find the marginal productivity with respect to capital investment, and interpret your result.

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Microeconomics: Suppose a companys monthly production value q in thousands

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