Question 1
For the production function q = 4K1/2 + 4L
Both MPL and MPK are constant
MPK is decreasing but MPL is constant
MPL is decreasing and MPK is constant
Both MPL and MPK are decreasing
For the production function q = 4K1/2 + 4L
Both MPL and MPK are constant
MPK is decreasing but MPL is constant
MPL is decreasing and MPK is constant
Both MPL and MPK are decreasing
Correct answer
MPK is decreasing but MPL is constant
Question 1 of 24 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Managerial Economics 15 Mar 26). It carries 1 mark.