Question

I want the workings for this question because i have failed to understand the way L...

I want the workings for this question because i have failed to understand the way L was found on the solution provided on the site

QUESTION

The Marginal Productivity of Labour is the extra output the firm can produce using an additional unit of labour (holding other inputs fixed):

       MPL = F (K, L +1) – F (K, L)

L

Y

MPL

0

0

N/A

1

10

2

19

3

27

4

34

5

40

6

45

7

49

8

52

9

54

10

55

Determine MPL at each value of L.                    

I need the working as well because i have failed to understand the way L was found on the solution provided on the site   

Homework Answers

Answer #1

Marginal product of labor is the additions made to the total product when one extra labor unit is employed. Here MPL for 1st labor unit is TP of 1 unit of labor - TP of 0 unit of labor = (10 - 0) = 10. Again, MPL for 2nd labor unit is TP of 2 units of labor - TP of 1 unit of labor = (19 - 10) = 9. Similarly, MPL for 5th labor unit is TP of 5 unit of labor - TP of 4 unit of labor = (40 - 34) = 6. Use this rule to compile the schedule for MPL.

L Y MPL
0 0
1 10 10
2 19 9
3 27 8
4 34 7
5 40 6
6 45 5
7 49 4
8 52 3
9 54 2
10 55 1
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
*I am seeking an answer for Question 2. I have posted Question 1 for context.* Question...
*I am seeking an answer for Question 2. I have posted Question 1 for context.* Question 1) ABC company is considering producing a new range of smartphones that will require it to build a new factory. Feasibility studies have been done on the factory which cost $5 million. The studies have found the following: The factory will cost $25 million and will have a useful life of 20 years. The land where the factory will go is currently used as...
QUESTION 10 Which of the following proteins are active during anaerobic fermentation? myokinase protease acetylcholinesterase phosphatse...
QUESTION 10 Which of the following proteins are active during anaerobic fermentation? myokinase protease acetylcholinesterase phosphatse 2 points    QUESTION 11 _____________ has the greatest influence on resting membrane potential. Sodium Chloride Magnesium Potassium 2 points    QUESTION 12 Ribosomes are in the ___________________. soma axon hillock dendrite axon 2 points    QUESTION 13 A mixed nerve has only efferent neurons. True False 2 points    QUESTION 14 Myoglobin is a protein that binds oxygen. True False 2 points   ...
Can you please check my answers and tell me if they are correct? thanks 8. Write...
Can you please check my answers and tell me if they are correct? thanks 8. Write the ionic equation for dissolution and the solubility product (Ksp) expression for each of the following slightly soluble ionic compounds: (a) PbCl2       PbCl2(s) --> Pb2+(aq) + 2Cl-(aq)                           Ksp = [Pb2+][Cl-]2   (b) Ag2S        Ag2S(s) --> 2Ag+(aq) + S2-(aq)                             Ksp =[Ag+]2[S2-] (c) Sr3(PO4)2 Sr3(PO4)2(s) --> 3Sr2+(aq) + 2PO43-(aq)         Ksp =[Sr2+]3[PO43-]2 (d) SrSO4       SrSO4(s) --> Sr2+(aq) + SO42-(aq)                       Ksp =[Sr2+][SO42-] 14. Assuming that no equilibria other than dissolution are involved,...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
2. SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to...
3 SECURING THE WORKFORCE Diversity management in X-tech, a Japanese organisation This case is intended to be used as a basis for class discussion rather than as an illustration of the effective or ineffective handling of an administrative situation. The name of the company is disguised. INTRODUCTION In light of demographic concerns, in 2012, the Japanese government initiated an effort to change the work environment in order to secure the workforce of the future. Japan is world renowned for its...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
1. What is an ISP (Integrated Service Provider) for supply chains? (1 point) A. A consultant...
1. What is an ISP (Integrated Service Provider) for supply chains? (1 point) A. A consultant agency which integrates the supply chain for companies B. A 2 PL or a 3PL, but not a 4PL C. A company supplying transportation and warehousing services D. A logistics service company specialized in suppling VAS (value added services) 2. What characterizes a 4 PL? (1 point) A. They are non-asset based and provides integrated services primarily supplied by asset based providers, for example...
Part I. Indicate whether true or false (T or F). ____ Storm water detention ponds typically...
Part I. Indicate whether true or false (T or F). ____ Storm water detention ponds typically are designed to regulate the outflow peak rate at or below a single target value, such as the pre-development (pre-land use change) peak runoff rate for a specified return period event. Detention storage alters the peak but not the volume of the outflow hydrograph. _____ Typical rating curves for weirs are concave upward. Typical rating curves for orifices are concave downward. ____ A sediment...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Actually a HISTORY question: what tactics does Einhard use to portray Charlemagne in "Life of Charlemagne"...
Actually a HISTORY question: what tactics does Einhard use to portray Charlemagne in "Life of Charlemagne" and what tactics does Procipius use to describe Justinian in a positive light in the "Nika Riots"? Ive posted both excerpts. "Life of Charlemagne" Charles the Great, (Charlemagne in French) reigned 768-814 as king of the Franks and the most important ruler of the Carolingian Dynasty, conquering lands in what is now Germany, France, Spain, and Italy. On Christmas Day 800 C.E., Pope Leo...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT