Essay
Sam produces widgets according to the production function F(L)= 100L(1/2).
i)What is Sam's average productivity of labour?
ii)What is Sam's marginal productivity of labour?
iii)Graph APL and MPL on a diagram. Show that MPL is lower than APL for all values of L.
Correct Answer:
Verified
i)APL = 100L(- 1/2)
ii)MPL = 50L(- 1/2)
iii)...View Answer
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Correct Answer:
Verified
ii)MPL = 50L(- 1/2)
iii)...
View Answer
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