For the production function Qs = K0.4L0.8 in the short run, where capital is at 620 find the marginal product of labor at L = 78. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1).
For the production function Qs = K0.4L0.8 in the short run, where capital is at 620 find the marginal product of labor at L = 78. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1).
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 10SQ
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For the production function Qs = K0.4L0.8 in the short run, where capital is at 620 find the marginal product of labor at L = 78.
Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 = 1.2, 1.14 = 1.1).
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