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

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

Quizplus · Accepted Answer

The marginal product of capital (MP_K) in a Cobb-Douglas production function like Q = K^1/2 L^1/2 is diminishing because the exponent on K is less than 1, indicating diminishing returns to capital.

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

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