If Q = K²L² the MP_L is A)constant B)diminishing C)increasing

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The MPS (Marginal Propensity to Save) formula is given by the change in savings (ΔS) divided by the change in income (ΔY). In the given equation, "²" represents a pattern of saving and income. The "S1" indicates a unit of saving, "U1" indicates a unit of utility (which is not directly relevant to the calculation of MPS), "P12" indicates a pattern (which in this context we can interpret as the income pattern), and "P0" indicates the starting point of the pattern. The MPS formula "MP_L" suggests a comparison between two points (B1 and B0) in terms of saving and income. Given that the pattern repeats without indicating a decrease in the increment of savings relative to income, we can infer that the MPS is constant or increasing. However, without explicit information indicating a constant ratio, the presence of increasing income and savings suggests that the MPS could be increasing, as more income potentially leads to more savings at a non-decreasing rate. This interpretation relies on understanding the symbols as indicative of economic behavior rather than a strict algebraic formula.

If Q = K2L2 the MPL Is

If Q = K²L² the MP_L Is