01. If short run production is described by a production function defined as y=AL 2, where L represents employment, what is the marginal productivity of labour at a given level of employment? a. A 2√√I b. 1 2 c.2√√I Od. 1 A√L -AL 2 1 2

01. If short run production is described by a production function defined as y=AL 2, where L represents employment, what is the marginal productivity of labour at a given level of employment? a. A 2√√I b. 1 2 c.2√√I Od. 1 A√L -AL 2 1 2

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 4ST

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Question

1
01. If short run production is described by a production function defined as y=AL 2, where L represents
employment, what is the marginal productivity of labour at a given level of employment?
a. A
b. 1
C.
2√1
d.
A√T
2√I
1
2
AL
²

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