Suppose That the Production Function for a Product Is

question 61

Multiple Choice

Suppose that the production function for a product is , where x represents the number of work-hours and y represents the available capital (per week) . Find the marginal productivity of x. ​

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Definitions:

Investment

Allocating financial assets in hopes of achieving a return or profit.

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Gross Domestic Product (GDP)

A measure of the total economic production of a country, representing the total value of all goods and services produced over a specific time period.

Investment

The process of distributing funds with the aim of earning revenue or gains.