(Answered) Consider a firm whose production function is flkalakb for

Management Studies

Consider a firm whose production function is f(L,K)=AL^aK^b. 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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