If Q = K^1/3L² the MP_K is A)constant B)diminishing C)increasing

Question

Quizplus · Accepted Answer

If we simplify the given equation, we get: Q = K*S1*U1*(P1/P0)^(1/3)*S1*(S1/P0) MP_{= ∂Q/∂S1 = K*U1*(P1/P0)^(1/3)*S1^(B1+1)*(S1/P0)^(B0)
MP} = ∂Q/∂S1 = K*U1*(P1/P0)^(1/3)*S1^B1*(S1/P0)^(B0+1) As the power of S1 in both MP_{and MP} is positive, but less than 1, it means that as S1 increases, both MP_{and MP} will decrease. Therefore, the answer is B - diminishing.

If Q = K1/3L2 the MPK Is

If Q = K^1/3L² the MP_K Is