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ECON 104 UCR Indifference Curve Questions

ECON 104 UCR Indifference Curve Questions

Question Description


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(Similar to L11.1) For the simple production function, Q=, what is the marginal product of labor when L=4? You can write your answer as a decimal or a fraction.


  1. (Similar to L11.2) What is the marginal rate of technical substitution of labor (L) to capital (K) (M R T S subscript L K end subscript) for the function Q equals L to the power of 1 fourth end exponent K to the power of 3 over 4 end exponent?
    K over L
    fraction numerator K over denominator 4 L end fraction
    fraction numerator K over denominator 3 L end fraction
    fraction numerator 3 K over denominator 4 L end fraction

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