The marginal productive output of workers in a small manufacturing firm is given by MP = 8L-L^2+20 where L is the number of workers hired by the firm. Rewrite the equation above as a first order differential equation and find the general solution for the total productive output function P(L).

ddaeeric

ddaeeric

Answered question

2020-12-25

The marginal productive output of workers in a small manufacturing firm is given by MP=8LL2+20 where L is the number of workers hired by the firm. Rewrite the equation above as a first order differential equation and find the general solution for the total productive output function P(L).

Answer & Explanation

Willie

Willie

Skilled2020-12-26Added 95 answers

Given that marginal productive output of workers in a small manufacturing firm is given by MP=8LL2+20
Since marginal productive output of workers in a small manufacturing firm is given by MP=8LL2+20 that is dP/dL=8LL2+20
Find the general solution for the total productive output function P(L)
P=(8LL2+20)dL
=[(8L2)/2L3/3+20L]
=4L2L3/3+20L+c
Thus, the general solution for the total productive output function
P=4L2L3/3+20L

Do you have a similar question?

Recalculate according to your conditions!

New Questions in Differential Equations

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?