1 04. Assume that the production of refrigerators is described by the production function y=AK 2L2 where K represents the size of the capital stock and L represents employment, what is the marginal productivity of labour if A = 10 and nine units of capital are in use? a. 1 2 30/L b.15√ √L OC. 15/√ √T Od. 1 2 30L 1

1 04. Assume that the production of refrigerators is described by the production function y=AK 2L2 where K represents the size of the capital stock and L represents employment, what is the marginal productivity of labour if A = 10 and nine units of capital are in use? a. 1 2 30/L b.15√ √L OC. 15/√ √T Od. 1 2 30L 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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qUESTION 3 Please help me figure out which of the following multiple choice questions are correct. Please tell me which choices are correct and which are wrong
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