Multiple Choice
The production function for laser eye surgery is given by Q = 20K0.5L0.5, where Q is the number of laser eye surgeries performed per day, K is the number of eye surgery machines (which is fixed at 2 in the short run) , and L is the number of employees. The marginal product of labor for L = 2 is ____.
A) 28.28
B) 11.71
C) 9.43
D) 8.99
Correct Answer:
Verified
Correct Answer:
Verified
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