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corie corie
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6 years ago
Joe owns a coffee house and produces coffee drinks under the production function q = 5KL where q is the number of cups generated per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor).  What is the marginal product of labor?
A) MP = 5
B) MP = 5K
C) MP = 5L
D) MP = 5K/L
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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#1
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6 years ago
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