A firms production function is given by Q = 18K 1/6 L 5/6 . (a) Show that
Question:
A firm’s production function is given by Q = 18K1/6L5/6.
(a) Show that this function displays constant returns to scale.
(b) Find expressions for the marginal products of capital and labour.
(c) State what happens to the marginal product of labour when
(i) labour increases with capital held constant;
(ii) capital increases with labour held constant.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
56 a 18AK6 AL6 182...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
8+ Reviews
22+ Question Solved
Related Book For 
Question Posted:
