Answer to Question #174284 in Microeconomics for Nicole

Question

A production function is given by Q =10E½K½ where Q is output, E is number of workers and K is capital inputs used. 

The marginal product of labour (MPE) is ______________________.

a.

MPE =K/2E

b.

MPE = 5K½/E½

c.

MPE = 5E½/K½

d.

MPE = ½K½/E½

e.

MPE = ½E½/K½

A production function is given by Q =10E½K½ where Q is output, E is number of workers and K is capital inputs used. 

The marginal product of labour (MPK) is ______________________.

a.

MPK =K/2E

b.

MPK = 5K½/E½

c.

MPK = 5E½/K½

d.

MPK = ½K½/E½

e.

MPK = ½E½/K½

Answer 1

1. The marginal product of labour (MPE) is:

b. MPE = 5K½/E½

2. The marginal product of capital (MPK) is:

c. MPK = 5E½/K½