Answer to Question #294550 in Microeconomics for Kali

Question #294550

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

1
Expert's answer
2022-02-07T08:33:41-0500

Solution:

APL = QL\frac{Q}{L}= L3/4K1/4L=K1/4L1/4\frac{L^{3/4} K^{1/4} }{L} = \frac{K^{1/4} }{L^{1/4}}

 

MPL = QL=34L1/4K1/4\frac{\partial Q} {\partial L} = \frac{3} {4}L ^{-1/4}K^{1/4}


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