Opening the paper…

Managerial Economics, Quiz 1

January 2026 term, 15 Mar 2026, Set 1

Learning mode

Question 1

+1−0Single correct

For the production function q = 4K1/2 + 4L

Select one option

A.
Both MPL and MPK are constant
B.
MPK is decreasing but MPL is constant
C.
MPL is decreasing and MPK is constant
D.
Both MPL and MPK are decreasing

Report a problem

to report a problem with this question.

Choose a question

Answered: 0
Not answered: 1
Marked for review: 0
Answered & marked for review: 0
Not visited: 23

Discussion

Submit this paper?

You cannot change your answers after submitting.

Answered: 0
Not answered: 1
Marked for review: 0
Answered & marked for review: 0
Not visited: 2

Instructions

The palette shows the status of every question. Pick a number to go straight to it.

Answered: 0
Not answered: 1
Marked for review: 0
Answered & marked for review: 0
Not visited: 2

Save & Next moves to the next question. Answers are saved as you go.
Mark for Review & Next flags the question to come back to. A flagged answer still counts.
Clear Response removes your answer to the question on screen.
The ← and → keys move to the previous and next question.

For the production function q = 4K1/2 + 4L A firm can always trade three units of labour for one unit of capital and still keep output constant. The production technology for this firm can most suitably represented by A firm finds that it requires exactly two full-time workers to operate each piece of machinery in the factory. The production technology for this firm can most suitably represented by