A manufacturer of widgets has determined that the production function for a weekly production of p thousand gross of widgets is p = 1000 + 20

- 5
- 3
,where l is the number of labor hours per week in thousands and k is the amount of capital in thousands of dollars per week.Determine both of the marginal productivity functions.

Question

A manufacturer of widgets has determined that the production function for a weekly production of p thousand gross of widgets is p = 1000 + 20  
  
- 5  
- 3  
,where l is the number of labor hours per week in thousands and k is the amount of capital in thousands of dollars per week.Determine both of the marginal productivity functions.

Quizplus · Accepted Answer

The Answer of A manufacturer of widgets has determined that the production function for a weekly production of p thousand gross of widgets is p = 1000 + 20  
  
- 5  
- 3  
,where l is the number of labor hours per week in thousands and k is the amount of capital in thousands of dollars per week.Determine both of the marginal productivity functions.

A Manufacturer of Widgets Has Determined That the Production Function