Home /
Expert Answers /
Calculus /
the-output-of-an-economic-system-q-subject-to-two-inputs-such-as-labor-l-and-capital-k-is-often-m-pa470

The output of an economic system Q, subject to two inputs, such as labor L and capital K, is often modeled by the Cobb-Douglas production function Q = cL Kb. When 2 5 a + b = 1, the case is called constant returns to scale. Suppose Q=4913, a = 7, b = 7, and c=56. Complete parts (a) and (b). a. Find the rate of change of capital with respect to labor, dk dL . First substitute the given values of Q, a, b, and c into the production function. Save (Type an equation.)

The output of an economic system $Q$, subject to two inputs, such as labor $L$ and capital $K$, is often modeled by the Cobb-Dougiat production function $Q$ m cl. $K$, When $a+b=1$, the case is called constant returns to scale. Suppose $Q=4913,a=72 ,b=75 $, and $c=56$. Complete parts $(a)$ and (b) (Type an equation.)

Live Sessions

Online Lab Report Help

Online Project Report Help

Online Assignment Help

Essay Writing Help

CPM Homework Help

Mortgage Calculator

Electrical Engineering

Civil Engineering

Chemical Engineering

Electronics and Communication Engineering

Mathematics

Physics

Chemistry

Software Works/ Computer Science

Other Subjects

100% Correct Solutions

24/7 Availability

One stop destination for all subject

Cost Effective

Solved on Time

Plagiarism Free Solutions

Confidentiality