Unformatted text preview: Firm 1 and Firm 2 use the same type of production function, but Firm 1 is only 90% as productive as Firm 2. That is, the production function of Firm 2 is x 2 = f(K, L) and the production function of Firm 1 is x 1 = 0.9f(K, L). At a particular level of inputs, how does the marginal product of labor differ between the firms? Econ 313 - Spring 2004 PS#4-XtraQ DUE at the start of class on Monday 3/15 No need to hand in the workbook answers, too. But DO the workbook questions even if it is not DUE or you will be doomed!...
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This homework help was uploaded on 10/31/2007 for the course ECON 3130 taught by Professor Masson during the Fall '06 term at Cornell.
- Fall '06