Economics · Production Function
Assuming that the production function is homogeneous of degree one and Euler's equation holds, if MPL (marginal product of labour) is greater than APL (average product of labour), then which of the following is true?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both MPL and MPK will be negative
- 2MPK will be negative✓
- 3MPK will be zero
- 4MPL will be negative
Correct answer
MPK will be negative
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