
Output, 2) but the marginal product is diminishing. We usually make two assumptions about a production function: 1) More labour produces more What is the firm’s marginal product of labour? What is the value of marginal product of labour?Ĭan you say something about the signs ofα 1 andα 2? Compare and contrast the three faces of PowerĪ firm produces a good using labour (L). This site is dedicated to tutorials for OpenGL 3.3 and later.
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