Consider the following production function:q = 32LK + 10L2 -Assume capital is fixed at K= 25.At what level of employment does the marginal product of labor equal zero?The marginal product of labor equals zero when(Enter a numeric response using an integer.)Beyond a labor input of 40, the marginal product of labor is20étvMacBook AirDIDDF3F5F6F7FBF10FW2#$&34589ERYPDFGнJKCVBNMcommandV

Marginal Product of Labor=dqdLPutting K=25 in q, we getq=32(25)L+10L2-13L3q=800L+10L2-13L3

Consider the following production function: q = 32LK + 10L2 - Assume capital is fixed at K= 25. At what level of employment does the marginal product of labor equal zero? The marginal product of labor equals zero when L= (Enter a numeric response using an integer.) Beyond a labor input of 40, the marginal product of labor is

Consider the following production function: q = 32LK + 10L2 - Assume capital is fixed at K= 25. At what level of employment does the marginal product of labor equal zero? The marginal product of labor equals zero when L= (Enter a numeric response using an integer.) Beyond a labor input of 40, the marginal product of labor is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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