Find the partial elasticities EP Eq and EP Eq when p = and p = . q = − − p p q (i) Ep Eq = q P q p p p p - - p p p p When p = and p = Ep Eq = h = (ii) Ep Eq = q P q p p _ p p p p When p = and p = Ep Eq = - + ^ h = = Exercise . . Find the marginal productivities of capital ( K ) and labour ( L ) if P = L K K L KL when K = and L = .
. If the production of a firm is given by P = LK L K , L > , K > , Prove that L L P K K P = 2P. . If the production function is z = x xy where x is the labour and y is the capital, find the marginal productivities of x and y when x = , y = .
. For the production function P = L K , find the marginal productivities of labour ( L ) and capital ( K ) when L = and K = . [use: . .
]. . The demand for a quantity A is q = . Find the partial elasticities Ep Eq and Ep Eq when p = p = .
. The demand for a commodity A is q p p . Find the partial elasticities Ep Eq and Ep Eq when p = , p = . Exercise .
Choose the Correct answer: . Average fixed cost of the cost function C ( x )= x is