Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
nakungth nakungth
wrote...
Posts: 1177
Rep: 3 0
A year ago
The production function for Cogswell Cogs is y(K, L) =   .  K represents the number of robot hours used in the production process while L represents the number of labor hours.  The marginal productivity of a labor hour is MPL =   Fill in the empty columns in the table below.  Use the information in the table to sketch Cogswell's marginal product of labor curve while robot hours are fixed at 9.

Output   Robot Hours   Labor Hours   MPL = 
   9   8   
   9   27   
   9   64   
   9   125
Textbook 

Microeconomics


Edition: 8th
Author:
Read 112 times
2 Replies
Replies
Answer verified by a subject expert
CanihCanih
wrote...
Posts: 462
Rep: 5 0
A year ago
Sign in or Sign up in seconds to unlock everything for free.
Output   Robot Hours   Labor Hours   MPL =   
6   9   8   0.25
9   9   27   0.11
12   9   64   0.063
15   9   125   0.04

A sketch of the marginal product of labor is
1

Related Topics

wrote...
A week ago
thank you
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  79 People Browsing
 104 Signed Up Today
Related Images
 3286
 1196