Q4. K=0 K=1] K=2 | K=3 K=4 L=00 L=10 L=2 | 0 L=30 L=4 0 2 24 2 6 28 8 16 24 332 18 36 54 72 32 64 96 128 а) Based on the table above, holding capital constant at 3 units in the short run, what is the marginal productivity of the second Labour, and what is the average productivity of
Q4. K=0 K=1] K=2 | K=3 K=4 L=00 L=10 L=2 | 0 L=30 L=4 0 2 24 2 6 28 8 16 24 332 18 36 54 72 32 64 96 128 а) Based on the table above, holding capital constant at 3 units in the short run, what is the marginal productivity of the second Labour, and what is the average productivity of
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
answer question d
![Q4.
K=0 K=1| K=2| K=3 | K=4
L=00
L=1 0
2 24 2 6
28
L=2 0
8
16 $24
332
L=30
L=4 0
18
36
54
72
32
64
96
128
Based on the table above, holding capital constant at 3 units in the short run, what is
a)
the marginal productivity of the second Labour, and what is the average productivity of
three units of Labour?
Based on the inputs and output table above, please derive the production function in the
b)
long run.
Does the production function satisfy the "law of diminishing marginal returns" (LDR)?
c)
And determine the returns to scale for this production function?
As we know Marginal Rate of Technical Substitution MRTSL, K =
K, please use
d)
MPL
the definition to proof MRTSL, K='
/MPx and explain your proof.
/MPx'](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff1bbb7f1-1d48-4073-9e78-c504da2bcc57%2F4a513f24-d4b0-47cd-b679-951b1ca6f7d1%2Ffz8f6qkj_processed.png&w=3840&q=75)
Transcribed Image Text:Q4.
K=0 K=1| K=2| K=3 | K=4
L=00
L=1 0
2 24 2 6
28
L=2 0
8
16 $24
332
L=30
L=4 0
18
36
54
72
32
64
96
128
Based on the table above, holding capital constant at 3 units in the short run, what is
a)
the marginal productivity of the second Labour, and what is the average productivity of
three units of Labour?
Based on the inputs and output table above, please derive the production function in the
b)
long run.
Does the production function satisfy the "law of diminishing marginal returns" (LDR)?
c)
And determine the returns to scale for this production function?
As we know Marginal Rate of Technical Substitution MRTSL, K =
K, please use
d)
MPL
the definition to proof MRTSL, K='
/MPx and explain your proof.
/MPx'
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