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4. Consider short-run production using the following production function: q = 0. 5LK + 10L K - 0. 5L K a. Derive expressions for the
4. Consider short-run production using the following production function: q = 0. 5LK + 10L K - 0. 5L K a. Derive expressions for the marginal and average product of labor. b. At what amounts of labor is there diminishing marginal product of labor begin? c. At what amount of labor does marginal product equal average product? d. At what amounts of labor is their diminishing returns
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