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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    If the Production Function Is Q = K<sup>
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If the Production Function Is Q = K

Question 7

Question 7

Multiple Choice

If the production function is Q = K.5L.5 and capital is fixed at 9 units,then the marginal product of labor when L = 49 is:


A) 3.
B) 9/98.
C) 3/14.
D) None of the answers are correct.

Correct Answer:

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