Current location - Education and Training Encyclopedia - Educational Knowledge - How to find the maximum output of production function
How to find the maximum output of production function
The method of finding the maximum output of production function;

Total labor output = 10k 2l-0. 5kl 2-32,k= 1。

Average output = total labor output /L = 10k 2-0. 5KL-32/L,k= 1。

Marginal product of labor = derivative of L in the total output of labor = 10K 2-KL, which leads to k= 1.

produce

From the perspective of economics, the meaning of origin is very broad. It not only means making a machine or producing some steel products, but also includes various economic activities. Such as: lawyers represent others, the operation of shopping malls, doctors treat patients, and so on. These activities all involve the provision of products or services by a certain person or economic entity. So, to put it simply, any activity that creates value is production.