The equation below is a production function, Q = (200)L + (100)K – (0.2)L2 – (0.1)K2 , where Q is output, L is labor and K is capital. What is the Marginal Product of Labor and capital of this function?

The equation below is a production function, Q = (200)L + (100)K – (0.2)L2 – (0.1)K2 , where Q is output, L is labor and K is capital. What is the Marginal Product of Labor and capital of this function?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 3SQP

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The equation below is a production function, Q = (200)L + (100)K – (0.2)L2 – (0.1)K2     , where Q is output, L is labor and K is capital. What is the Marginal Product of Labor and capital of this function?
The equation below is a production function, Q = (200)L + (100)K – (0.2)L2 – (0.1)K2     , where Q is output, L is labor and K is capital. What is the Marginal Product of Labor of this function?
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The equation below is a production function,Q = (200)L + (100)K – (0.2)L2 – (0.1)K2 , where Q is output, L is labor and K is capital. What is the Marginal Product of capital of this function? 200 - (0.4)L - (0.2)L 100 - (0.2)K - (0.1)K
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