Multiple Choice
If more and more labor is employed while keeping all other inputs constant,the marginal physical productivity of labor
A) will eventually increase.
B) will eventually decrease.
C) will eventually remain constant.
D) cannot tell from the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: If production is given by Q =
Q19: Graphically,the average productivity of labor would be
Q20: If Q = K<sup>1/2</sup>L<sup>1/2</sup> the MP<sub>L</sub> is<br>A)constant<br>B)increasing<br>C)diminishing
Q22: For a fixed proportion production function,at the
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
Q26: A production function measures how an individual
Q27: When isoquants get progressively further apart there
Q28: Suppose the production function for good q