The Production Function for Good X in the Table Below
Question 138
Question 138
Multiple Choice
The production function for good X in the table below exhibits increasing marginal returns to capital over what output range? Production Function far God XL∗ Labor 9999999999999K Capital 0102030405060708090100110120Q Output 0573246571,0721,5241,9762,3912,7242,9913,0483,0162,945MK=(ΔQ/ΔK) Product of Capital −5.726.733.341.545.245.241.533.3A5.7−3.2−7.1MPK=(Q/K) Mverage Product of Capital −5.7016.20B26.8030.4832.9334.1634.0533.2330.4827.4224.54
A) Between 0 and 1,524 B) Between 0 and 2,991 C) Between 2,391 and 3,048 D) Between 3,016 and 2,945
Correct Answer:
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