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Suppose a monopolist has a production function given by Q = L 1/2 K 1/2 .Therefore, K 1/2 71/2 MPL = 1/2 and MPg =

Suppose a monopolist has a production function given by Q = L1/2K1/2.Therefore,

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K 1/2 71/2 MPL = 1/2 and MPg = 2K 1/2

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