For the production function Q(K,L) = 3K + 2L, the marginal product of labor is:
A) 2.
B) 3.
C) 2L.
D) 3K.

Name: For the production function Q(K,L) = 3K + 2L, the marginal product of labor is: A) 2. B) 3. C) 2L. D) 3K.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The marginal product of labor (MPL) is the additional output produced by adding one more unit of labor, holding other factors constant. In the given production function Q(K,L) = 3K + 2L, the MPL is the partial derivative of Q with respect to L, which is 2.

For the Production Function Q(K,L) = 3K + 2L, the Marginal