If Q = K^1/2L^1/2 the MP_L is A) constant B) increasing C) diminishing D) not enough information to determine

Name: If Q = K 1/2 L 1/2 the MP L is A) constant B) increasing C) diminishing D) not enough information to determine
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the equation, the only term that affects MP_L is S1, which appears in the denominator with an exponent of 3/2. Therefore, as S1 increases, MP_L decreases. This indicates that MP_L is diminishing.

If Q = K1/2L1/2 the MPL Is

If Q = K^1/2L^1/2 the MP_L Is