Suppose a firms short-run production function is given by q


Suppose a firm's short-run production function is given by Q = 16L0.80. What is the marginal product of the fourth worker?

Please show all steps needed to get to the answer which is 10.

Solution Preview :

Prepared by a verified Expert
Business Economics: Suppose a firms short-run production function is given by q
Reference No:- TGS02343614

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)