Multiple Choice
If Q = K1/2L1/2 the MPL is
A) constant
B) increasing
C) diminishing
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: A technical innovation in the production of
Q16: The marginal physical product of labor is<br>A)the
Q17: If Q = K<sup>2</sup>L<sup>2</sup> the MP<sub>L</sub> is<br>A)constant<br>B)diminishing<br>C)increasing
Q18: If production is given by Q =
Q19: Graphically,the average productivity of labor would be
Q22: For a fixed proportion production function,at the
Q23: If more and more labor is employed
Q24: Suppose Q = K<sup>a</sup>L<sup>b</sup>,if a + b
Q24: Suppose Q = K<sup>a</sup>L<sup>b</sup>,if a + b
Q25: A firm's isoquant shows<br>A)the amount of labor