Given the production function q = 4LK, what is the marginal product of labor when capital is fixed at 25?
A)4K
B)100
C)100K
D)100L

Name: Given the production function q = 4LK, what is the marginal product of labor when capital is fixed at 25? A)4K B)100 C)100K D)100L
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Question

Quizplus · Accepted Answer

The marginal product of labor (MPL) is the partial derivative of the production function with respect to labor (L), which is 4K. When capital (K) is fixed at 25, MPL = 4*25 = 100.

Given the Production Function Q = 4LK, What Is the Marginal