menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 1
  4. Exam
    Exam 5: The Production Process and Costs
  5. Question
    If the Production Function Is Q = KL and Capital
Solved

If the Production Function Is Q = KL and Capital

Question 44

Question 44

Multiple Choice

If the production function is Q = KL and capital is fixed at 1 unit,then the marginal product of labor when L = 25 is:


A) ¼.
B) 1/10.
C) 15.
D) None of the answers are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: You are the manager of Telecall Inc.,a

Q40: The isoquants are normally drawn with a

Q41: In order for isoquants to have a

Q42: As the usage of an input increases,marginal

Q43: The marginal product of an input is

Q45: Which of the following profit functions exhibits

Q46: Suppose the production function is given by

Q47: When marginal cost curve is below an

Q48: Changes in the price of an input

Q49: Suppose the cost function is C(Q)= 50

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines