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  3. Chapter 2: Differentiation of functions of one variable
  4. Applications 1
  5. Marginality
  6. Exercise 1

Exercise 1

A production function is given by $P(L)=8L^3-L^2+13$. Determine the marginal production at $L=5$.
717
988
590
603
A production function is given by $P(L)=8L^3-L^2+13$. Determine the marginal production at $L=5$.
Antwoord 1 correct
Fout
Antwoord 2 optie
988
Antwoord 2 correct
Fout
Antwoord 3 optie
590
Antwoord 3 correct
Correct
Antwoord 4 optie
603
Antwoord 4 correct
Fout
Antwoord 1 optie
717
Antwoord 1 feedback
Wrong: $MP(5)\neq P(6)-P(5)$.

See Marginality.
Antwoord 2 feedback
Wrong: $MP(L)\neq P(L)$.

See Marginality.
Antwoord 3 feedback
Correct: $MP(L)=P'(L)=24L^2-2L$. Hence, $MP(5)=590$.

Go on.
Antwoord 4 feedback
Wrong: $P'(L)\neq24L^2-2L+13$.

See Derivatives elementary functions.