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The production function for a widgetmanufacturing rm is given by q = 12140-51105. where q is the number of widgets produced each hour, K is
The production function for a widgetmanufacturing rm is given by q = 12140-51105. where q is the number of widgets produced each hour, K is the number of specialized staplers (which is xed at 4 in the short run). and L is the number of employees. What is the marginal product of labor at L = 9? =3:- 24 1 2 :- 4 ":1- Q -"j;- none of the above
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