ECON 204 Tutorial#8 – Week#12

1. Graph the short-run total product curves for each of the following production functions if K us
fixed at K0 = 4.
i. Q = F(K, L) = 2K + 3L.
ii. Q = F(K, L) = K 2 L2 .
iii. Q = F(K, L) = KL1⁄2 .
iv. Q = F(K, L) = K 1⁄2 L1⁄2 .

2. For the four production function in question 3, give the formulas for the marginal and average
products of labour and capital. When K = 4 units and L = 2 units, calculate the numerical values
for MPL, APL, MPK, and APK.