Microeco

Posted by Nikkita on Jan 21, 2017; 9:51am
URL: http://discussion-forum.276.s1.nabble.com/Microeco-tp7603102.html

Assume Y=f(K,L) . If L=5, then what is true about MPk from k=0 to 10

       i.           MPk = 1 when 0<k<5

       ii.          MPk = 0 when k>5

a)      Only i is true

b)      Only ii is true

c)       Both i and ii are true

d)      None of the above is true

(Correct Ans.= c), how??