Estimated production function in the form of a power function
Rewrite the estimated production function in the form of a power function
Find the marginal product of capital, labor, and gasoline at K=200, L = 400, G = 4,000
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- bm cobb douglas.xls
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This job offers a form of a power function.
$2.19 
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- bm+cobb+douglas(1).xls
Active since 2003
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- bm cobb douglas.xls
Rapid Transit Corporation has estimated the following Cobb Douglas production function
using monthly observations for the past 2 years.
Cobb-Douglas monthly production function for past 2 years Q = 2.303 + 0.40 InK
− − − − − − (3.40 ) − −
Q = number of bus miles driven
+ 0.20 inG
K = number of buses the firm operates
L = the number of bus drivers it employed each day (3.05 )
G = gallons of gas used
R 2( squared ) = 0.94
a) estimate Q if k =200 L = 400 G = 4000
k=buses L = drivers G gas
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b) rewrite the estimated production function in the form of a power function
c) Find the marginal product of capital, labor, and gasoline at K=200, L = 400, G = 4,000
InK + 0.60 InL
− − −( 4.15 )
94 D − W = 2.20
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"On problem 2 Quigley Inc the five choses are A 3.83% B 4.02% C4.22% D 4.43% E 4.65% I tried to figure it out but couldn't get it Please help me out"