Business Statistics and Research Methods Production Function

Given the production function Q = 10 L^0.8 K^0.2, the marginal product of labour (MP_L) and capital (MP_k) respectively are given by

A. MP_L = 8(K/L)^0.2

B. MP_L = 8(L/K)^0.2

C. MP_K = 2(L/K)^0.8

D. MP_K = 2(K/L)^0.2

Choose the correct answer

1

A and D are true

2

A and C are true

3

B and C are true

4

B and D are true

Sponsored

hivanix.in

This quiz is brought to you by hivanix.in

🌐 Web App Development

Other Tools: chatwiz.hivanix.in mmspace.hivanix.in unogame.hivanix.in

Quick Navigation

Home

Subjects

Chapters