Answer to Question #294550 in Microeconomics for Kali

Question

Suppose the production function is given by Q=L3\4K1\4 find APL and MPL function

Answer 1

Solution:

APL = $\frac{Q}{L}$= $\frac{L^{3/4} K^{1/4} }{L} = \frac{K^{1/4} }{L^{1/4}}$

 

MPL = $\frac{\partial Q} {\partial L} = \frac{3} {4}L ^{-1/4}K^{1/4}$