Multiple Choice
Suppose the production function for a bakery is:
Q = 4K0.4L0.6
Where Q is the number of loaves of bread produced per day, K is the number of ovens, and L is the number of workers employed. The function for the marginal product of labor is ____.
A) 2.4K0.4L-0.4
B) 1.6K-0.6L0.6
C) KL
D) (3/2) KL-1
Correct Answer:
Verified
Correct Answer:
Verified
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