Homer's Donut Shoppe has the production function q = 10L + 20L2 - 5L3. The marginal product of labor is

A) MP = 10 + 40L -15L2
B) MP = 10 + 20L -5L2
C) MP = 10L
D) MP = 10 + 20L

A

Economics

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Indicate whether the statement is true or false

Economics

Supply-side economics stresses that

a. budget deficits will stimulate demand, output, and employment. b. budget deficits will lead to higher interest rates, which will weaken their expansionary impact. c. an increase in government expenditures financed by higher tax rates will cause real income to rise. d. changes in marginal tax rates exert important effects on real output and employment.

Economics