Determine the firms marginal product of capital function

Reference no: EM133027086

Firm DQ=K^0.7L^0.3

Question a. Determine the firm's marginal product of capital function

Question b. Determine the firm's marginal product of labour function

Question c. Determine if the marginal product of capital function exhibits diminishing marginal returns

Question d. Determine if the marginal product of labour function exhibits diminishing marginal returns

Question e. Determine if the function exhibit increasing, constant or decreasing returns to scale.

Question f. Determine the function for the marginal rate of technical substitution

Question g. Determine if the production function has a diminishing marginal rate of technical substitution.

Question h. Derive the conditional input demand functions for labour and capital by Minimizing cost subject to output

Question i. Derive the conditional input demand functions for labour and capital by Maximizing output subject to cost constraint

Reference no: EM133027086

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