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a firm haas a production function q=L^0.5K^0.5 . in the short run, the firm cant vary its capiyal and operates with K=100. it can however,
a firm haas a production function q=L^0.5K^0.5 . in the short run, the firm cant vary its capiyal and operates with K=100. it can however, vary the amount of labor that uses, for the production function. a) based on the MPl = 5L^-0.5 please explain whether this production function exhibits dimish marginal productivity of labor
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
