sydneyharding4873 sydneyharding4873

08-04-2020
Business

contestada

In the short run, a firm cannot vary its capital, K = 2, but can vary its labor, L. It produces output q. Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is
a. q = 10L + K
b. q = L^0.5K^0.5

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faidcamacho21 faidcamacho21

08-04-2020

A The correct answer is a

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