Answered: Which of the production function has…

Which of the production function has diminishing marginal returns to labor? (Choose ONE). O F(K, L) = K2L³ F(K, L) = KL F(K, L)=K0.1L0.9 F(K, L) = 2K + L

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section: Chapter Questions

Problem 11QP

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Question

Which of the production function has diminishing marginal returns to labor? (Choose
ONE).
F(K, L) = K2L³
F(K, L) = KL
F(K, L) = K0.10.9
F(K, L) = 2K+ L

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