Cobb-douglas production function

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Reference no: EM131925756

The following is a Cobb-Douglas production function:

TP = 85 K0.75 L0.25

If the firm employs 35 units of capital and 125 units of labor, find:

a. The average product of Capital (APK), and the Average product of labor (APL)

b. The marginal product of Capital (MPK), and the marginal product of labor (MPL)

Reference no: EM131925756

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