For the production function Q = 5.2K + 3.8L,if K = 16 and L = 12,we know that MP_K is: A) 16. B) 5.2. C) 3.8. D) 12.

Name: For the production function Q = 5.2K + 3.8L,if K = 16 and L = 12,we know that MP K is: A) 16. B) 5.2. C) 3.8. D) 12.
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Question

Quizplus · Accepted Answer

MP_K is the marginal product of capital holding labor constant. To calculate it for the given production function, we take the derivative of Q with respect to K, holding L constant: MP_K = ∂Q/∂K = 5.2 Therefore, the correct answer is B.

For the Production Function Q = 5