Economics · Microeconomics
Given the production function Q = 10 L0.8 K0.2, which of the following statements regarding the marginal product of labour (MPL) and marginal product of capital (MPK) are true? A. MPL = 8(K/L)0.2 B. MPL = 8(L/K)0.2 C. MPK = 2(L/K)0.8 D. MPK = 2(K/L)0.2
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B and D are true
- 2B and C are true
- 3A and C are true✓
- 4A and D are true
Correct answer
A and C are true
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