suppose that a firm production function is given by Q=20L-2L^2 if the price of production Birr 20 what will be the value of marginal production function of the second worker employed?

Answer 1

The marginal production function can be found by taking the derivative of the production function with respect to the quantity of labor (L).

Q = 20L - 2L^2

Taking the derivative:

dQ/dL = 20 - 4L

To find the marginal production function of the second worker employed, we substitute L = 2 into the derivative.

dQ/dL = 20 - 4(2)
= 20 - 8
= 12

Therefore, the value of the marginal production function of the second worker employed is 12.