Suppose the production function for a bakery is:
Q = 4K^0.4L^0.6
Where Q is the number of loaves of bread produced per day, K is the number of ovens, and L is the number of workers employed. The function for the marginal product of labor is ____.

Question

Quizplus · Accepted Answer

The marginal product of labor (MPL) is found by taking the partial derivative of the production function with respect to L. Given the production function Q = 4K^0.4L^0.6, the MPL is the derivative with respect to L, which is 0.6 * 4K^0.4L^(0.6-1) = 2.4K^0.4L^-0.4, matching choice A.

Suppose the Production Function for a Bakery Is