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(Figure: Production Function V) Refer to the Production Function, Which

Question 88

Multiple Choice

(Figure: Production Function V) Refer to the production function, which has a slope of 1/L0.5. (Figure: Production Function V) Refer to the production function, which has a slope of 1/L<sup>0.5</sup>. The marginal product of labor for L = 16, assuming that labor is infinitely divisible, is ____. A) 1 B) 0.75 C) 0.5 D) 0.25 The marginal product of labor for L = 16, assuming that labor is infinitely divisible, is ____.


A) 1
B) 0.75
C) 0.5
D) 0.25

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