Question: Complete this is graph form. a. Determine MPL at each value of L. b. Graph the production function. c. Graph the MPL curve with MPL

Complete this is graph form.

a. Determine MPL at each value of L. b. Graph the production function. c. Graph the MPL curve with MPL on the vertical axis and L on the horizontal axis. Y MPL 0 0 n.a. 10 .J N 19 .V W 27 8 4 34 .V 40 ? 6 45 ? 7 49 .V 8 52 ? 9 54 .V 10 55

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=+ a. What is the per-worker production function?

=+ 3. Consider an economy described by the production function: Y = F(K, L) = K0.3L0.7.

=+ b. What happens subsequently to output per worker in the postwar economy? Is the growth rate of output per worker after the war smaller or greater than it was before the war?