Question:

Can you tell me about "marginal product of labor"?

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Hello, can you tell me how to calculate the value of MPL. for example.

Recall: Y=F(K,L)

L=2

Y=19

what is MPL?

how do you calculate this?

thanks..

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  1. you can't figure it exactly with that info.

    I can tell you how

    MPl is the derivative of F(K,L) wrt L or  dF/dL

    since you haven't given us what F is there is no way to know anything

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