Question

If MP1/MPk doesn't change with any proportionate change in labour and capital,then the production function is? a)Linear. b) Non linear. c) Homogeneous. d) Homothetic.​

Answer 1

Answer:

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Explanation:

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Answer 2

The correct answer is option (b) Non linear.

Explanation:

• If MP1/MPk doesn't change with any proportionate change in labour and capital,then the production function is Non linear.
• The marginal product of capital (MPK) is the extra amount of output that is produced when one unit of capital is added, remaining all the other inputs constant.
• Hence, the correct answer is option (b) i.e Non linear.