[Answered] If Q = K1/2L1/2 the MPL is a. constant b. increasing c. diminishing[br][br][b][color=red]Question ...

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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 58 times)

codyclark

Hero Member
Posts: 538

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

Sr. Member
Posts: 318

Reply #1 on: Jul 1, 2018

Answer to Question 1

c

Answer to Question 2

c

codyclark

Hero Member
Posts: 538

Reply #2 on: Jul 1, 2018

Thank you

ngr69

Sr. Member
Posts: 318

Reply #3 on: Jul 1, 2018

No problemo

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