If Y=K^(0.5) L^(0.5), and capital is equal to 4, and labour is equal to 8, what is theMPL?O0.369657341O 0.339935008O 0.316403791O0.297172937

MPL or marginal product of labour is the increase in a firm’s output when one extra unit of labour…

Answered: If Y=K^(0.5) L^(0.5), and capital 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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I just what to know how they found MC
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If Y=K^(0.5) L^(0.5), and capital is equal to 4, and labour is equal to 8, what is the MPL? O0.369657341 O 0.339935008 O 0.316403791 O0.297172937