Suppose production function for Maruti Udyog Ltd, has been estimated as QM = 100 K0.25 L0.75 and for
Suppose genesis part for Maruti Udyog Ltd, has been estimated as QM = 100 K0.25 L0.75 and for
Tata Automobiles it is Q1 = 50 K0.25 L0.80 where Q = enumerate of cars effected per day, K = units of cardinal, L = units of labour. Suppose too that twain the companies are using cardinal and labour in the similar distribution, perceive the subjoined.
(a) Which of the companies is liberal below law of avail to layer?
(b) Which of the companies has a main marginal productivity of labour?