Business, 15.02.2020 01:21 drew3vans34

Consider the following production function: Q=(L+K)1/2

(a) What is the Marginal Product of Labor (MPL)?
(b) What is the Marginal Product of Capital (MPK)? Are they diminishing?
(c) What is the Average Product of Labor (APL)?
(d) What is the Average Product of Capital (MPK)?
(e) What is the TRSL, K ? Is the absolute value of TRSL, K diminishing in L or K?Are there constant, decreasing, or increasing returns to scale?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 00:40

Gdonald was unhappy that his company did not provide good transport facilities. he found it very strenuous to drive to work on his own, and this eventually led to job dissatisfaction. hence, he recommended ways to solve this problem. according to the evln model, this information suggests that donald's main reaction to job dissatisfaction was:

Answers: 3

Answer

Business, 22.06.2019 16:10

Regarding the results of a swot analysis, organizational weaknesses are (a) internal factors that the organization may exploit for a competitive advantage (b) internal factors that the organization needs to fix in order to be competitive (c) mbo skills that should be emphasized (d) skills and capabilities that give an industry advantages problems that a specific industry needs to correct

Answers: 1

Answer

Business, 22.06.2019 22:00

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Answers: 1

Answer

Business, 22.06.2019 22:50

Wendy made her career planning timeline in 2010. in what year should wendy's timeline start? a. 2013 o b. 2012 oc. 2010 o d. 2011

Answers: 2

Answer

You know the right answer?

Consider the following production function: Q=(L+K)1/2

(a) What is the Marginal Product...

Questions