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Short-answer question: Suppose firms A and B each make sweaters. Firm A's production function is q = 1.5L0.3K0.7. Firm B's production function is q =

Short-answer question: Suppose firms A and B each make sweaters. Firm A's production function is q = 1.5L0.3K0.7. Firm B's production function is q = 3L0.3K0.7. If the two firms each hire the same amounts of capital and labor, compare the two firms in terms of APLand MPL.Show your calculation step by step.

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