has 10 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 1
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So the thing here is that n workers produce n units of output, and so the total product of labor equals the number of workers: q = L
will differ by labor because the extra workers creates one more units of output,
= ∆q/∆L= 1
will differ by how much labour was put into it:divide both sides of the production function,
= q/L= 1
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Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)
- Cutiepatutie ☺❀❤