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Question 4 [Optional] Consider the production function: F(L, K) = LaKB (a) Show that MPL = aAPL and MPK = BAPK. (b) Now, fix K

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Question 4 [Optional] Consider the production function: F(L, K) = LaKB (a) Show that MPL = aAPL and MPK = BAPK. (b) Now, fix K = 1. That is, assume that the firm operates in the short run and can adjust labour but not capital. Show that MPL is decreasing

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