Need algebra help with the total product function
Need algebra help with the total product function
if the total product function (output) by using L units of labor input is TP(L) units where
TP(L) = aL+bL^2 −cL^3,a > 0,b > 0,c > 0.
(a)Find the expression for the marginal product of the Lth labor input, which is
TP(L)−TP(L−1).
(b) Take a = 100, b = 1 and c = 1 to answer the remaining parts. Find the marginal product of the second labor input.
(c)Find the marginal product of the fifth labor input. (d)Recall marginal product is defined using the derivatives as
(b) Take a = 100, b = 1 and c = 1 to answer the remaining parts. Find the marginal product of the second labor input.
(c)Find the marginal product of the fifth labor input. (d)Recall marginal product is defined using the derivatives as
MP(L) =dTP(L)/dL
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