A firms production function is Cobb-Douglas: q = AL a K b . What is the firms

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A firm’s production function is Cobb-Douglas: q = AL^aK^b. What is the firm’s marginal revenue product of labor?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Question Posted: Feb 13, 2020 10:20 AM

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A firms production function is Cobb-Douglas: q = AL a K b . What is the firms

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Answer Given that To find the marginal product of laboryou have to first derive the ...View the full answer

Microeconomics

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