Question #2000501: Other Economics Problems


Question: The daily output of a specific factory is given by

\[Q(K,L)=10{{K}^{1/3}}{{L}^{1/2}}\]

Use marginal analysis to compute the change in the daily output as a result of changing \(L\) from625 to 627, while \(K\) remains constant at 8000.

Solution: The solution consists of 63 words (1 page)
Deliverables: Word Document

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