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1. Suppose a rm faces the following production function: Q = K33 D67 a. What is the MPK and MPL for this function? b. As
1. Suppose a rm faces the following production function: Q = K33 D67 a. What is the MPK and MPL for this function? b. As L increases, what happens to MP1? As K increases, what happens to MPK? c. What happens to the MPL as K increases? Why do you think this occurs
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