Consider the following production functions along with their corresponding marginal product of labor function.
I. Q = 15KL, where MP_L = 15K
II. Q = 2K^0.4L^0.6, where MP_L =
III. Q = 8K + L, where MP_L = 1
a. In each case, what happens to the marginal product of labor as the firm uses more labor?
b. In each case, what happens to the marginal product of labor as the firm uses more capital?

Question

Consider the following production functions along with their corresponding marginal product of labor function.
I. Q = 15KL, where MP_L = 15K
II. Q = 2K^0.4L^0.6, where MP_L =

Consider the following production functions along with their corresponding marginal product of labor function. I. Q = 15KL, where MP<sub>L</sub> = 15K II. Q = 2K<sup>0.4</sup>L<sup>0.6</sup>, where MP<sub>L</sub> = III. Q = 8K + L, where MP<sub>L</sub> = 1 a. In each case, what happens to the marginal product of labor as the firm uses more labor? b. In each case, what happens to the marginal product of labor as the firm uses more capital?

III. Q = 8K + L, where MP_L = 1
a. In each case, what happens to the marginal product of labor as the firm uses more labor?
b. In each case, what happens to the marginal product of labor as the firm uses more capital?

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The Answer of Consider the following production functions along with their corresponding marginal product of labor function. I. Q = 15KL, where MP_L = 15K II. Q = 2K^0.4L^0.6, where MP_L = III. Q = 8K + L, where MP_L = 1 a. In each case, what happens to the marginal product of labor as the firm uses more labor? b. In each case, what happens to the marginal product of labor as the firm uses more capital?

Consider the Following Production Functions Along with Their Corresponding Marginal