Suppose that the total product of labor per hour) for a firm manufacturing small calculators is given by
TP_L = 144L - 1.5L².
a. Find the MP_L function.
b. How many workers should the restaurant employ if the wage rate is $18.00 per hour, the average price of a calculator is $8.00, and the average cost per calculator of the raw materials is $2.00? Why?

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The Answer of Suppose that the total product of labor per hour) for a firm manufacturing small calculators is given by TP_L = 144L - 1.5L². a. Find the MP_L function. b. How many workers should the restaurant employ if the wage rate is $18.00 per hour, the average price of a calculator is $8.00, and the average cost per calculator of the raw materials is $2.00? Why?

Suppose That the Total Product of Labor Per Hour) for a Firm