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Suppose an economy's production is defined by the following neoclassical function: Y=K 1/5L 4/5. What are...

  1. Suppose an economy's production is defined by the following neoclassical function: Y=K 1/5L 4/5. What are the expressions for the marginal product of capital and the marginal product of labor?

    1/5Y/L and 4/5Y/L

    1/5Y/K and 4/5Y/L

    1/5Y/L and 4/5Y/K

    1/5Y/K and 4/5Y/K
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