Solution-Amount of labor used in production

Amount of labor used in production

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Reference no: EM131220360

Suppose you have the following production function: Q=L^25 K^75, where Q is production, L is the amount of labor used in production, K is the amount of capital. The marginal product of labor is mathematically defined as: ?Q/?L. If K is fixed at 16, what is the marginal product of labor for this production function?

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Reference no: EM131220360

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Amount of labor used in production

Reference no: EM131220360

Reference no: EM131220360

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