question archive Suppose the production function is given by Q = 2K + 5L
Suppose the production function is given by Q = 2K + 5L
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Suppose the production function is given by Q = 2K + 5L. What is the marginal product of labor when 15 units of capital and 10 units of labor are employed?
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Answer:
Q= 2K + 5L
Marginal product of labor is the differentiation of Q with respect to L
Marginal product of labor = 5
It does not depend on capital and units of labor.
