nsider the following production function. q= 96LK+ 25L2 - 3 sume capital is fixed at K= 25. what level of employment does the marginal product of labor equal zero? e marginal product of labor equals zero when L= (Enter a numeric response usin

nsider the following production function. q= 96LK+ 25L2 - 3 sume capital is fixed at K= 25. what level of employment does the marginal product of labor equal zero? e marginal product of labor equals zero when L= (Enter a numeric response usin

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

Consider the following production function:

\[ q = 96LK + 25L^2 - \left(\frac{1}{3}\right)L^3 \]

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 the slider.)

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