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Suppose the production function of a factory is: Q=100K^0.5 L^0.4 Find the marginal product of labor (MPL) Find the marginal product of capital (MPK) Is
Suppose the production function of a factory is:
Q=100K^0.5 L^0.4
Find the marginal product of labor (MPL)
Find the marginal product of capital (MPK)
Is there decreasing rate (MRTS)? Explain that.
Is there an increase, decrease, or stability in volume returns? Explain that.
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