Be the production function Q (K, L)) = (K} +213), that depends on the quantities Used from inputs Kand L, and be the point (K, L) = (1,2),. (a) What is the effect on the production of anincrease of a unit in the amount used of INPUT L,L, Other things being equal?? (b) What is the effect on the production of an increase of 1%'in the amount used of INPUT L, Ceteris paribus?
Be the production function Q (K, L)) = (K} +213), that depends on the quantities Used from inputs Kand L, and be the point (K, L) = (1,2),. (a) What is the effect on the production of anincrease of a unit in the amount used of INPUT L,L, Other things being equal?? (b) What is the effect on the production of an increase of 1%'in the amount used of INPUT L, Ceteris paribus?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Be the production function Q (K, L)
- : (K} +213), that depends on the quantitiess
Used from inputs Kand L; and be the point (K, L) = (1,2).
(a) What is the effect on the production of an increase of a unit in the amount used of INPUT L, L,
Other things being equal??
(b) What is the effect on the production of an increase of 1% in the amount used of INPUT L, Ceteris
paribus?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd6bff25-24fb-4db3-b25b-77f72a74a29e%2Fd886ec62-cd12-49d6-96db-7ced9cea90a7%2Fwc4z2q8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Be the production function Q (K, L)
- : (K} +213), that depends on the quantitiess
Used from inputs Kand L; and be the point (K, L) = (1,2).
(a) What is the effect on the production of an increase of a unit in the amount used of INPUT L, L,
Other things being equal??
(b) What is the effect on the production of an increase of 1% in the amount used of INPUT L, Ceteris
paribus?
![7.
Sean la función de producción Q(K,L)
(K +2 L3), que depende de las cantidades
utilizadas de los inputs K y L, y sea el punto (K,L) = (1,2).
(a) ¿Cuál es el efecto sobre la producción de un aumento de una unidad en la cantidad utilizada del input L,
ceteris paribus?
(b) ¿Cuál es el efecto sobre la producción de un aumento de un 1% en la cantidad utilizada del input L, ceteris
paribus?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd6bff25-24fb-4db3-b25b-77f72a74a29e%2Fd886ec62-cd12-49d6-96db-7ced9cea90a7%2F50cx2u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7.
Sean la función de producción Q(K,L)
(K +2 L3), que depende de las cantidades
utilizadas de los inputs K y L, y sea el punto (K,L) = (1,2).
(a) ¿Cuál es el efecto sobre la producción de un aumento de una unidad en la cantidad utilizada del input L,
ceteris paribus?
(b) ¿Cuál es el efecto sobre la producción de un aumento de un 1% en la cantidad utilizada del input L, ceteris
paribus?
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