With a cubic production function of the form $Q = a K ^ { 3 } L ^ { 3 } + b K ^ { 2 } L ^ { 2 }$ , in order for the average and marginal product functions to have their theoretical properties, it must be the case that A) a 0 B) a 0, b

Question

With a cubic production function of the form $Q = a K ^ { 3 } L ^ { 3 } + b K ^ { 2 } L ^ { 2 }$ , in order for the average and marginal product functions to have their theoretical properties, it must be the case that A) a < 0, b > 0 B) a > 0, b < 0 C) a < 0, b < 0 D) a > 0, b > 0

Quizplus · Accepted Answer

The Answer of With a cubic production function of the form $Q = a K ^ { 3 } L ^ { 3 } + b K ^ { 2 } L ^ { 2 }$ , in order for the average and marginal product functions to have their theoretical properties, it must be the case that A) a < 0, b > 0 B) a > 0, b < 0 C) a < 0, b < 0 D) a > 0, b > 0

With a Cubic Production Function of the Form Q=aK3L3+bK2L2Q = a K ^ { 3 } L ^ { 3 } + b K ^ { 2 } L ^ { 2 }Q=aK3L3+bK2L2

With a Cubic Production Function of the Form $Q = a K ^ { 3 } L ^ { 3 } + b K ^ { 2 } L ^ { 2 }$