Economics Homework Solutions
Problem
#25977

Solow Model

1. Verify that, for the neoclassical production function, the marginal product of capital and the marginalproduct of labor are in fact given by (respectively),

  ∂Y/∂K =f'(K)
       and
  ∂Y/∂L= f(k)- kf'(K)

(Minimum requirement: a serious attempt at deriving these expressions.)
the professor gave as a clue to keep in mind this function.

Y/K= f(K)= f(K/L)

Solution
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