657B1.081 C0.8 8D2495 where P is product, A is land, B is labor, C is improvemen
ID: 1118789 • Letter: 6
Question
657B1.081 C0.8 8D2495 where P is product, A is land, B is labor, C is improvements, and D is liquid assets. Find the marginal An estimate of he product on unction for da y a productivities for labor and improvements. ng in a particular state s g ven by he unction P = 0.007819A 0657.01 0.8882495 0.008452A-0657B0 081 CO B8024 (Simplify your answer. Use integers or decimals for any numbers in the expression. Round to six decimal places as needed.) OP (Simplify your answer. Use integers or decimals for any numbers in the expression. Round to six decimal places as needed.)Explanation / Answer
marginal productivities is the additional amount of output that is produced by per unit increase in improvements(c),
so here DP/DC = 0.00693528A^-0.675*B^1.081*D^2.495 / C^0.112
THE MARGINAL PRODUCTIVITY FOR LABOUR IS ALREADY MENTIONED IN THE ANSWER.
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