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Suppose that a firm has a production function given by: q= 10 L0.5K0.6. The firm has 10 units of capital in the short run. Which

Suppose that a firm has a production function given by:q= 10 L0.5K0.6.The firm has10 unitsof capital in the short run.

Which of the following will describe the marginal product of labor (MPL) for this production function?

select one:

a.Decreasing Marginal Returns to Labor

b.Constant Marginal Returns to Labor

c.Increasing Marginal Returns to Labor

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