Nama : Annisa Kusuma Esa Putri

NIM : 1908651

Kelas : Pendidikan Ekonomi 4B

Mata Kuliah : Teori Ekonomi Makro

1. Suppose that the production function is Y = A K1/4L 3/4

a. What is the marginal product of labor (MPL)?
b. What is the marginal product of capital (MPK)?
c. Graph the approximate shapes of the MPL and MPK curves.
2. Suppose that the production function were
Y = A K1/4L 3/4
Assume that A = 100,000, and that the current level of the capital stock is 10,000.
a. Find the marginal product of labor.
b. Graph the marginal product of labor.
c. Graph the production function, putting labor on the horizontal axis and assuming
that capital is constant.
d. What would happen to the marginal product of labor and the production function
if the capital stock increased to 20,000?
3. Current labor hours worked are 50,000 per year. The capital stock is $100,000. Real
GDP is $1,000,000.
a. If the production function is, Y = AK1/2L 1/2 what is total factor productivity?
b. If the production function is, Y = A K1/4L 3/4 what is total factor productivity?
4. Current labor hours worked are 50,000 per year. The capital stock is $100,000. Total
factor productivity is 2.
a. If the production function is Y = A K1/3L 2/3 , what is real GDP?
b. If the labor force increases to 100,000, what will happen to real GDP?
c. If total factor productivity doubles, what will happen to real GDP?
d. Graph the production function, with capital on the horizontal axis, and use your
graph to explain the difference between a doubling of the labor force and a
doubling of total factor productivity.
5. Suppose that the production function is given by Y = AK1/5L 4/5
a. If A = 1, K = 10.000, and L = 10.000, what is real GDP
 ( 4/5) AK 1/ 2
b. The demand fpr labor in this economy is given by MPL ¿ . Find the
K 4 /5
real wage.
( 4/ 5) AK 1/ 2
c. The demand for capital in this economy is given by MPK ¿ . Find the
K 4 /5
real rental cost of capital
6. a
7. a
8. Consider the following production function: Y = F(K, L) = AK0.4L 1.0
a. Calculate the marginal product of labor.
b. Does this production function exhibit diminishing marginal product of labor?
9. Within the classical form of the quantity theory, the demand for money is given by
Md = kPY. Suppose income (Y) is given at 400 units, and the money supply (M) is
fixed at 200 units. Suppose k drops from its initial value of 0.5 to 0.25. What is the
initial price level? What is the new price level after the change in k? Explain the
process that leads to the change in the aggregate price level.
10. Apabila suatu perekonomian memiliki data sebagai berikut:
• Y = 30L – 0,04L2
• L D = 1150 – 50(W/P)
• L S = 20(W/P) – 250
• V=5
• Jumlah uang beredar 1.008.

Tentukan besarnya output agregat, volume kesempatan kerja, tingkat harga, dan
tingkat upah nominal
Jawaban

1. Y = A K1/4L ¾
∂ f (L. K )
a. MPL= =1
∂L
∂ f (L. K)
b. MPK = =2
∂K Y =¿
c.
Y1
Y =( Ḱ , L)

Y0

Input K,L
L0 L1
2. A
3. A
4. A
5. A
6. A
7. A
8. A
9. A
10. a