Question 18 c/dPlease show full work 18) A sports company has the following production function for a certain product,where p(x,y) is the number of units produced with x units of labor and y units ofcapital. Complete parts (a) thru (d) below.p(x, y) = 2000x¹/5s p(x, y) = 2000x4/51/5You ArePart C) Find the marginal productivities for 25 units of labor and 1435 units of capitalPart D) Interpret the meaning of the marginal productivities found in Part C

We have the following production functions: p(x,y) = 2000x4/5y1/5 Where p(x ,y) is the number of…

Answered: Part C) Find the marginal…

Business

Economics

Part C) Find the marginal productivities for 25 units of labor and 1435 units of capital

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 4CQQ

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Question 18 c/d Please show full work

18) A sports company has the following production function for a certain product,
where p(x,y) is the number of units produced with x units of labor and y units of
capital. Complete parts (a) thru (d) below.
p(x, y) = 2000x¹/5s p(x, y) = 2000x4/51/5
You Are
Part C) Find the marginal productivities for 25 units of labor and 1435 units of capital
Part D) Interpret the meaning of the marginal productivities found in Part C

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