Question 18 Consider a firm that has production function f(L,K)=4L2/3K1/3. What is the expression for this firm’s Marginal Product of labor? MPL(L,K)= 2K2/3/3L2/3. MPL(L,K)= 2K2/3/L1/3. MPL(L,K)= 2K1/3/3L1/3. MPL(L,K)= 5K2/3/3L2/3. MPL(L,K)= 8K1/3/3L1/3.

Question 18 Consider a firm that has production function f(L,K)=4L2/3K1/3. What is the expression for this firm’s Marginal Product of labor? MPL(L,K)= 2K2/3/3L2/3. MPL(L,K)= 2K2/3/L1/3. MPL(L,K)= 2K1/3/3L1/3. MPL(L,K)= 5K2/3/3L2/3. MPL(L,K)= 8K1/3/3L1/3.

Survey Of Economics

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ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 2SQ

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Question

Question 18
Consider a firm that has production function f(L,K)=4L2/3K1/3. What is the expression for this firm’s Marginal Product of labor?

MPL(L,K)= 2K2/3/3L2/3.

MPL(L,K)= 2K2/3/L1/3.

MPL(L,K)= 2K1/3/3L1/3.

MPL(L,K)= 5K2/3/3L2/3.

MPL(L,K)= 8K1/3/3L1/3.

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