Explain a cobb-douglas production function

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Consider a Cobb-Douglas production function with three inputs. K is capital, L is labor, and H is human capital. The production function is Y= K^1/3 L^1/3 H^1/3

Derive an expression for the marginal product of labor. How does an increase in the amount of human capital affect the marginal product of labor?

Reference no: EM13188077

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