Reference no: EM131686891
Consider a firm whose production function is f(L,K)=ALaKb. For which values of A, L,K, a, and b is the Average Product of Labor for this company equal to the Marginal Product of Labor?
a) a=1 and any values of b, L, and K.
b) a+b=1, b>0, and any values of L and K.
c) a+b>1, a<1, and any values of b, L, and K.
d) a+b<1, a>0, b>0, and any values of L and K.
e) a=1/2, b=1/2, L=1, and K=3
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