Question

If the demand and output functions are given by p=10 + 2q and q= 2l + 3l respectively, where p is the price, q is the quantity and l is the labour employment. Find out the marginal revenue product of labour

Answer 1

q=p-10/2 ,q =2l+3l
so now 2l+3l=p-10/2
5l×2=p-10
10l=p-10
l=p-10/10