Derive the partial derivative of q with respect

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A firm's production function is given as Q=5L^0.4K^0.6

Where  is the quantity of pencils produced, L is the amount of labor employed in the production of pencils and K is the amount of capital used in the production process. 

(a) Derive the partial derivative of Q with respect to each of the independent variables ( and )

(b) Use the partial derivatives you obtained in (a) to obtain the marginal product of labor () and the marginal product of capital) if L=15,000 and K=36,000.

Reference no: EM132473385

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