Answer to Question #270147 in Microeconomics for Rabelani

Question #270147

Formula of MP





1
Expert's answer
2021-11-22T15:09:27-0500

The marginal product is the partial derivative of the production function with respect to the factor we are examining: These factors can be capital and labour.


Marginal product of labour,"MP_{L}" ;

"MP_{L}=\\frac{\\delta q}{\\delta L}"


Marginal product of capital,"MP_{K}" ;

"MP_{K}=\\frac{\\delta q}{\\delta K}"


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