The document calculates the marginal product of labor (MPL) and marginal product of capital (MPK) for a firm using labor (L) of 8 and capital (K) of 8. It shows that the MPL is 1/6 and the MPK is 2.1/3.
The document calculates the marginal product of labor (MPL) and marginal product of capital (MPK) for a firm using labor (L) of 8 and capital (K) of 8. It shows that the MPL is 1/6 and the MPK is 2.1/3.
The document calculates the marginal product of labor (MPL) and marginal product of capital (MPK) for a firm using labor (L) of 8 and capital (K) of 8. It shows that the MPL is 1/6 and the MPK is 2.1/3.