A competitive firm has a constant elasticity production function, q (L K )1 What is its marginal revenue product of labor q (L K ) 1 r ...

The additional revenue from the last unitof labor i ...

A competitive firm has a constant elasticity production function, q = (L + K )1/

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A competitive firm has a constant elasticity production function, q = (L^ρ + K^ρ)1/^ρ. What is its marginal revenue product of labor? q = (L^ρ + K^ρ)^1/^r?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Sep 21, 2024 05:17 AM

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A competitive firm has a constant elasticity production function, q = (L + K )1/ . What is its marginal revenue product of labor? q = (L + K ) 1/ r ?
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A competitive firm has a constant elasticity production function, q = (L + K )1/

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Microeconomics Theory and Applications with Calculus

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