Question
Suppose a firm's production function is Q = 200L + 5L 2 - 0.08L 3 . Which of the followingis the Marginal Production of Labor
Suppose a firm's production function is Q = 200L + 5L2- 0.08L3. Which of the followingis the Marginal Production of Labor (MPL)?
Question 8Answer
a.
10L- 0.24L2
b.
5L- 0.08L2
c.
200 + 10L- 0.24L2
d.
200 + 5L- 0.08L2
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Introductory Business Statistics
Authors: Alexander Holmes , Barbara Illowsky , Susan Dean
1st Edition
1506699847, 9781506699844
