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Marginal product

  1. Nov 27, 2013 #1
    Consider the function APL=[itex]\frac{\sqrt[4]{L}}{L}[/itex], where L is the number of workers. The company has just hired 8 workers. What is the marginal product of the labor?


    I know that if I had the total product I could differentiate it and get the marginal product, but it's the average product that is given.


    APL=[itex]\frac{\sqrt[4]{8}}{8}[/itex]=[itex]\frac{1,68}{8}[/itex]=0,21

    How do I get to MP from here?
     
  2. jcsd
  3. Nov 27, 2013 #2

    Ray Vickson

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    Please do not use undefined abbreviations. What is AP? What is MP? I might be able toe guess, but I should not have to!
     
  4. Nov 28, 2013 #3
    Im sorry, I thought I made it clear here. Average product of labor and marginal product of labor.
     
  5. Nov 28, 2013 #4

    Ray Vickson

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    OK, so what is the actual definition of average product of labor in terms of the marginal product function f(L)? Understanding that relationship is step 1 in the solution procedure.
     
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