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Assume the following production function: Y = 20( K 0.5 )( L 0.5 ) where Y is output, K is the physical capital stock, and
Assume the following production function: Y = 20(K0.5)(L0.5) where Y is output, K is the physical capital stock, and L is the labor force.Also assume K=100 and L=400.What is Y/L, the partial derivative of Y with respect to L, holding K constant?Please solve for a specific number.
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