Suppose a firm employs only capital and labour (k&l) and if production function isq=2kl.if the quantities of labour and capital are fixed at k=10 and capital are fixed at l=25,then
a.total output cannot exceed 125
b.average product is equal to zero
c.marginal product of labour is 10
d.marginal product of capital is 50
e.marginal product is minimized
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments