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

Expert's answer

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}"

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