![Marginal Product of Labor Formula | How to Calculate Marginal Product of Labor (MPL) - Video & Lesson Transcript | Study.com Marginal Product of Labor Formula | How to Calculate Marginal Product of Labor (MPL) - Video & Lesson Transcript | Study.com](https://study.com/cimages/videopreview/videopreview-full/6dzd41bvfc.jpg)
Marginal Product of Labor Formula | How to Calculate Marginal Product of Labor (MPL) - Video & Lesson Transcript | Study.com
MARGINAL PRODUCT OF LABOR AND CAPITAL Assume Q = f(L, K) is the production function where the amount produced is given as a func
![macroeconomics - Showing marginal product of capital is independent of the scale of production - Economics Stack Exchange macroeconomics - Showing marginal product of capital is independent of the scale of production - Economics Stack Exchange](https://i.stack.imgur.com/1yibE.png)
macroeconomics - Showing marginal product of capital is independent of the scale of production - Economics Stack Exchange
![SOLVED:Suppose that the production function is q=L^0.56 K^0.48 a. What is the average product of labor, holding capital fixed at K̅ ? 𝐀 b. What is the marginal product of labor? (Hints: SOLVED:Suppose that the production function is q=L^0.56 K^0.48 a. What is the average product of labor, holding capital fixed at K̅ ? 𝐀 b. What is the marginal product of labor? (Hints:](https://cdn.numerade.com/previews/f96055c3-9fc5-4790-bbbf-9cc3d23e6e71_large.jpg)