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Suppose the Production Function for a Bakery Is

Question 71

Multiple Choice

Suppose the production function for a bakery is:
Q = 4K0.4L0.6
Where Q is the number of loaves of bread produced per day, K is the number of ovens, and L is the number of workers employed. The function for the marginal product of capital is ____.


A) 2.4K0.4L-0.4
B) 1.6K-0.6L0.6
C) KL
D) (3/2) KL-1

Correct Answer:

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