Question

In: Math

Marginal Product of Labour                                      &

  1. Marginal Product of Labour                                                                        

If the production function is

Q=450√L – 5L

Where Q denotes output and L denotes the size of the workforce,

  1. Calculate the value of MPL when
  1. L = 3
  2. L = 15
  3. L = 100
  4. L = 2300
  1. Discuss the implication of the results.

Solutions

Expert Solution

milcah answered 2 years ago
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