13. IfQ-KL2 the MP, isdiminishingb. increasingconstantd. not enough information to determinea.C.

Given: The production function: Q = K1/2L1/2 To Find: The marginal product of labor (MPL):

Answered: 13. IfQ-K12L2 the MP, is a. diminishing…

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13. IfQ-K12L2 the MP, is a. diminishing b. increasing C. constant d. not enough information to determine

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

ChapterB: Indifference Curves

Section: Chapter Questions

Problem 9RQ: Exercise B9 Does a change in price both an income effect and a substitution effect? Does a change in...

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13. IfQ-KL2 the MP, is
diminishing
b. increasing
constant
d. not enough information to determine
a.
C.

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