QUESTION 2 [4 marks] A firm's short-run marginal product of labour function is MP = -3Ľ + 22L - 5. Use indefinite integrals to solve for the total product function. What increase in the total product will be brought about by employing two additional units of labour if five units are currently hired?

ECON MICRO
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ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
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QUESTION 2 [4 marks]
A firm's short-run marginal product of labour function is MP = -3L + 22L – 5. Use indefinite
integrals to solve for the total product function. What increase in the total product will be brought
about by employing two additional units of labour if five units are currently hired?
Transcribed Image Text:QUESTION 2 [4 marks] A firm's short-run marginal product of labour function is MP = -3L + 22L – 5. Use indefinite integrals to solve for the total product function. What increase in the total product will be brought about by employing two additional units of labour if five units are currently hired?
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