Find the marginal products of capital and labour, Microeconomics

A farmer produces maize according to the following production function

Qm = AK1/3 L2/3

Where Qm is output of maize, A = land, K = capital and L = labour

Given that land is fixed at 100 hectares

i) Formulate the farmer's short run production function                      

ii) Find the marginal products of capital and labour

Posted Date: 3/8/2013 5:37:21 AM | Location : United States







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