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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #831108
Introduction to Economics 1 Deneme Sınavı Sorusu #831108
For a total production function of 2L + 4 what is the marginal production between L=2 and L=3 equal to?
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Yanıt Açıklaması:
The marginal product is computed as the change in the total product divided by the change in labor input. For L=2 the TP = 2*2 + 4 = 8 and for L=3 the TP = 2*3 + 4 = 1. The marginal product is equal to (10 - 8)/(3 - 2) = 2. The answer is A.
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