3) Production in the country of ECNLand can be characterized by the following function:
Y = 2K
0.2L
0.8 and that ECNLand initially has 200 units of labor and 800 units of capital.
a) Calculate the numerical value` marginal products of labor and marginal product of capital
1
Expert's answer
2018-10-12T15:52:09-0400
The numerical values of marginal products of labor and marginal product of capital are:
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