Given the production function q = 4L + K, what is formula for the marginal product of labor?
A)4
B)4 + K
C)4K
D)Cannot be determined with the information given.

Question

Quizplus · Accepted Answer

The marginal product of labor is the additional output that is produced when one more unit of labor is added, while holding all other inputs constant. Mathematically, it is the partial derivative of the production function with respect to labor. In this case, taking the partial derivative of q with respect to L gives us the marginal product of labor (MPL) = 4.

Given the Production Function Q = 4L + K, What