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Author Question: If Q = K1/2L1/2 the MPL is a. constant b. increasing c. diminishing[br][br][b][color=red]Question ... (Read 21 times)

codyclark

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on: Jul 1, 2018
If Q = K1/2L1/2 the MPL is
 a. constant
  b. increasing
  c. diminishing

Question 2

Suppose Q = KaLb, if a + b < 1 the isoquants will be
 a. upward sloping.
  b. progressively closer together at higher quantities.
  c. progressively further apart at higher quantities.
  d. equally spaced.


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ngr69

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


codyclark

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Reply #2 on: Jul 1, 2018
Thank you


ngr69

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Reply #3 on: Jul 1, 2018
No problemo


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