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MrGrimey MrGrimey
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6 years ago
A small firm in Indonesia has the following estimated production function:
   ln(q) = 10 + 2.6ln(L) - 0.4(ln(L))2
Derive the firm's marginal and average product of labor as functions of q and L. What is the elasticity of output with respect to labor?
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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RumkoRumko
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6 years ago
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