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The Daily Output for a Manufacturer Is Q(K,L)=10K1/3L1/2Q ( K , L ) = 10 K ^ { 1 / 3 } L ^ { 1 / 2 }

Question 44

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The daily output for a manufacturer is Q(K,L)=10K1/3L1/2Q ( K , L ) = 10 K ^ { 1 / 3 } L ^ { 1 / 2 } units. Use marginal analysis to estimate the change in daily output as a result of changing L from 625 to 626 while K remains constant at 216. Round your answer to one decimal place, if necessary.

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