Suppose the Cobb-Douglas Production Function for a Company Is Given

question 12

Multiple Choice

Suppose the Cobb-Douglas production function for a company is given by , where x is the company's capital investment and y is the size of the labor force (in work-hours) . Find the marginal productivity of x. Then, find the marginal productivity of y. ​

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Definitions:

Hypophysis

Another term for the pituitary gland, a small endocrine gland located at the base of the brain responsible for releasing hormones that regulate various body functions.

Hypothalamus

A region of the diencephalon. It maintains homeostasis by regulating many vital activities such as heart rate, blood pressure, and breathing rate.

Lactogenic Hormone

A hormone, also known as prolactin, that stimulates milk production in mammals.

Mammary Glands

Accessory organs of the female reproductive system that secrete milk after pregnancy.