Consider an economy where the production function is Y = K L¹, with a 0.75. Suppose this year there are 625 units of capital and 4096 workers. What is the marginal product of labour? O 1.265 0.469 00.4 O 1.2 0.061

Consider an economy where the production function is Y = K L¹, with a 0.75. Suppose this year there are 625 units of capital and 4096 workers. What is the marginal product of labour? O 1.265 0.469 00.4 O 1.2 0.061

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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