Exercise 1 | Wiskunde op Tilburg University

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.