Math Problem Statement

give the production Q=2.5L² where Q and L are quantity of labour and the given total revenue function R= 120Q=0.2Q² find marginal product of labour(L) when L =10

Solution

To find the marginal product of labor (MPL) when L=10L = 10, we follow these steps:

Step 1: Find the expression for Marginal Product of Labor (MPL)

The production function is given by: Q=2.5L2Q = 2.5L^2 The marginal product of labor (MPL) is the derivative of the production function QQ with respect to labor LL: MPL=dQdLMPL = \frac{dQ}{dL} Differentiate the production function with respect to LL: MPL=ddL(2.5L2)=2.52L=5LMPL = \frac{d}{dL}(2.5L^2) = 2.5 \cdot 2L = 5L

Step 2: Calculate MPL when L=10L = 10

Substitute L=10L = 10 into the MPL expression: MPL=5×10=50MPL = 5 \times 10 = 50

Answer:

The marginal product of labor (MPL) when L=10L = 10 is 50 units of output.

Do you want any more details or have any questions?

Here are some related questions to consider:

  1. How does the marginal product of labor change as LL increases?
  2. What is the significance of the production function being quadratic in LL?
  3. How would the MPL change if the coefficient in the production function was different?
  4. What is the relationship between MPL and the slope of the total product curve?
  5. How does the total revenue change when LL increases?

Tip: When dealing with marginal products, always check how they vary with different input levels to understand the efficiency of production at various stages.

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Math Problem Analysis

Mathematical Concepts

Production Function
Marginal Product of Labor
Derivatives

Formulas

Q = 2.5L^2
MPL = dQ/dL

Theorems

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Suitable Grade Level

Undergraduate