Gator Tee Shirtz has determined that its productivity is given by the equation
Round your answer to two decimal places.
So, the marginal productivity of capital when
Step 1 :The productivity function is given by
Step 2 :The marginal productivity of capital is given by the partial derivative of the productivity function with respect to
Step 3 :We have
Step 4 :Substitute
Step 5 :Given
Step 6 :Calculate the above expression, we get
Step 7 :So, the marginal productivity of capital when