if the production function for a firm is Q =
2(K^0.5)(L^0.5), what is the marginal product of labor when capital is 10
units?
you won’t get that question on the orals, but you should
have the process in your head. What does
the marginal product of labor mean?
you could very well get a question that requires you to
be able to explain and/or use the marginal product of labor or capital.
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