contestada

Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 152). Then the marginal product of the 6th worker is:

Respuesta :

thaovtp1407

Answer:

Explanation:

Given:

  • (L1 = 5, Q1 = 125)
  • (L2 = 6, Q2 = 152)

So we can form the linear equation that model this situation:

The standard form of it is:

Q = mL + b

So the slope of it is:

  • m =(Q2 - Q1) / (L2 - L1)

<=> m = (152 - 125) / (6 -5)

<=> m = 27

Then the marginal product of the 6th worker 27 units of output.

Answer:

37

Explanation:162-125/ 6-5

Otras preguntas