A Hong Kong factory's production function is Q = 10L^0.5K^0.5. If capital is fixed at K=100 in the short run, the marginal product of labour (MPL) is:

Question

Accepted Answer

A. Substitute K=100: Q = 10L^0.5(100)^0.5 = 100L^0.5. MPL = dQ/dL = 50L^-0.5.

A Hong Kong factory's production function is Q = 10L^0.5K^0.5. If capital is fixed at K=100 in the short run, the marginal product of labour (MPL) is:

解說