Assume a firm has a Cobb-Douglas production function Y=L^0.5 K^0.5 (^=at the power of). Assume [w] wage= $1, [r] rental=$2 and price of output [p] =$5 and firm has linear cost function. What is the marginal product of capital (MPK) and the marginal product of labor (MPL) for the firm?
What margins does big bazar for a new product?