Can you explain how to calculate this and the steps?
Posted: Mon May 02, 2022 7:41 am
Can you explain how to calculate this and the steps?
= Question 7 Suppose the per-worker production function is given as follows: y=4kº:25h0.75 where k = (physical) capital per worker, h = human capital per worker If each worker is endowed with 256 units of (physical) capital and 81 units of human capital, find the marginal product of human capital. Be sure to show your work and rounded your answer to 3 decimal places if necessary. MP) = 3(2560.25)(81-0.25) = 4 = = Marginal product of human capital: 4
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