Q = Output
find the number of units of inputs (L) that maex total product function given r = 10 as well as Q
find L and Q that maximizes MPL© BrainMass Inc. brainmass.com March 4, 2021, 9:21 pm ad1c9bdddf
Here it is given that
Q = 6L2 R2 .10L3 R3
Also R is fixed at 10 units.
Now, the total product function (TPL) for input L is given by,
TPL = 6L2 (10)2 .10L3 (10)3 = 600L2 100L3
Thus, the marginal product function (MPL) for input L is given by,
= 1200L 300L2
The number of units of input L ...
The solution contains the determination of marginal product function (MPL) and also the determination of optimum Labor and output that maximizes MPL.