If Q = K²L² the MP_L is A) constant B) diminishing C) increasing D) not enough information to determine

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

Quizplus · Accepted Answer

The coefficient in front of S1U1 is P12S1S1P0 which is constant. Therefore, the value of MPS1U1B1LS1U1B0 is directly proportional to the value of Q, which means it is increasing.

If Q = K2L2 the MPL Is

If Q = K²L² the MP_L Is