What is the marginal productivity of labor

Reference no: EM13189420

Suppose the Cobb-Douglas production function for a company is given by f(x,y)= 100x^(1/4) y^(3/4)

Where x is the company's capital investment (in dollars ) and y is the size of the labor force (in work-hours).
What is the marginal productivity of labor and marginal productivity of capital when the amounts expended on labor and capital are 625 work-hour and $10,000 respectively.

Reference no: EM13189420

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