Question #273556

 A firm’s production function is given by the equation f(K,L) = 6K0.5L0.5. The marginal product of labor for this firm is


1
Expert's answer
2021-11-30T18:07:20-0500

The marginal product of labor 

MPL=f(K,L)=3K0.5L0.5MPL=f'(K, L)=\frac{3K^{0.5}}{L^{0.5}}


MPL=3K0.5L0.5MPL=\frac{3K^{0.5}}{L^{0.5}}


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