Suppose the production function for a bakery is:
Q = 4K^0.4L^0.6
Where Q is the number of loaves of bread produced per day, K is the number of ovens, and L is the number of workers employed. The function for the marginal product of capital is ____.

Question

Quizplus · Accepted Answer

The marginal product of capital (MPK) is found by taking the partial derivative of the production function with respect to K. Differentiating Q = 4K^0.4L^0.6 with respect to K gives MPK = 1.6K^-0.6L^0.6.

Suppose the Production Function for a Bakery Is