Suppose that the production function of a chip manufacturer is O- KL'-L. IfL-100 and K- 200, thenA) MP, =1,245B) MP-10,000C) MP, 6,545D) MP, - 250E) MP, - 20,000

Marginal productivity of labor shows the change in output due to employment of an additional unit of…

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at the production function of a chip manufacturer is Q-KL-L'. K-200, then 1,245 -10,000

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

Suppose that the production function of a chip manufacturer is O- KL'-L. If
L-100 and K- 200, then
A) MP, =1,245
B) MP-10,000
C) MP, 6,545
D) MP, - 250
E) MP, - 20,000

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