For a linear production function, qf(l,k)=8l 2k, what is the short-run production function given that capital is fixed at ? the short-run production function (as a function of l) is q nothing

Respuesta :

The short-run production function (as a function of l) is q = 8l + 300 and marginal product of labor is dq/dl = 8

What is a function?

It is defined as a special type of relationship, and they have a predefined domain and range according to the function every value in the domain is related to exactly one value in the range.

We have a linear production function:

q = f(l, k) = 8l + 2k

Here the value of k is not given, so we are assuming the value of fixed input k is 150

q = 8l + 2(150)

q = 8l + 300

Differentiate the above function with respect to l

Marginal product of labor = dq/dl = 8

Thus, the short-run production function (as a function of l) is q = 8l + 300 and marginal product of labor is dq/dl = 8

Learn more about the function here:

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