What is the marginal productivity of labor

Assignment Help Mathematics
Reference no: EM131637725

Question: A certain country's production is described by the function

f(x, y) = 60x1/3y2/3

When x units of labor and y units of capital are used.

a. What is the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 125 units and 8 units, respectively?

b. Should the government encourage capital investment rather than increased expenditure on labor at this time in order to increase the country's productivity?

Reference no: EM131637725

Questions Cloud

Present your own view of socrates guilt or innocence : Explain what Socrates claims is his role in Athenian society and how he knows that this is his role. Present your own view of Socrates' guilt or innocence.
Discussion regarding influence of government regulation : From the textbook there is discussion regarding the influence of Government regulation. Identify 2 possible unfair labor practices for management and 2.
Define substitute commodities and complementary commodities : What are substitute commodities and complementary commodities? Give an example of each.
What were the turning points of world war ii in europe : How did Congress and President Roosevelt respond to events in Europe from the 1930s through 1941? What were the turning points of World War II in Europe?
What is the marginal productivity of labor : What is the marginal productivity of labor and the marginal productivity of capital when the amounts expended on labor and capital are 125 units and 8 units.
Though common in both domestic and global supply chains : Several challenges, though common in both domestic and global supply chains, are more significant and critical in global operations.
Describe some of the ethical issues faced by supply chain : describe some of the ethical issues faced by supply chain managers in the global business environment providing specific examples based on your readings.
How each problem could impact a groups productivity : Introduction - clear explanation of the type of organization. Explanation of how each problem could impact a group's productivity.
How much will they owe the bank after the payment : If the Blakelys agree to repay the loan in equal installments over 30 yr, how much will they owe the bank after the 60th payment (5 yr)?

Reviews

Write a Review

Mathematics Questions & Answers

  Explain the inequality in c by general reasoning

Use Jensen's inequality to show that a‾ (1ex? ) ≥ a‾x. Explain the inequality in (c) by general reasoning. Show that the inequalities in (b) and (c) are equalities at 0 interest.

  Find the speed of the passenger train

the speed of a freight train is 22mph slower than that of a passenger train. The freight train travels 250 mi in the same time it takes the passenger train to travel 480 mi. Find the speed of the passenger train.

  Solve the problem graphically

Write the mathematical formulation of the problem. Solve the problem graphically and explain the optimal allocation of investment fund to the two investments.

  Computing ruler function

Prove that f(x) is continuous at every irrational point and discontinuous at every rational point. Show that f is integrable on [0,1]

  What are the dimensions

the length of a new rectangular playing field is 7 yards longer than quadruple the width. If the perimeter of the rectangular playing field is 514 yards, what are the dimensions?

  What price should it charge to maximize its revenue

How many cars will it rent at this price - How often should they place an order? (Round your answer to one decimal place.)

  Project overviewin this final part of your project you will

project overviewin this final part of your project you will cover step 4 of the statistical analysis process -

  Suppose the supply and price for a prescription

Suppose the supply and price for a prescription are related by P=.0015q +1 where p is the price in dollars of a 30 day prescribtion if the demand is related to price by P= 0025q + 64.36. What is the equilibrium quantity and price.

  What is the magnitude of the average acceleration

what is the magnitude of the average acceleration of the ball during this time interval? (Note: 1 ms = 10-3 s.)

  Analyze a randomized communication protocol

Consider a network of l computers R1, R2, ...,Rl in which each computer is directly connected via a communication link to each other.

  Operations supply management-learning curve

A time standard was set at 0.20 hour per unit based on the 50th unit produced. If the task has a 90% learning curve what would be the expected time of the 100th, 200th and 400th unit?

  Use these equations to compute p and a

Write down 2 equations to compute a and P, one when t=2 and the other when t= 6.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd