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Y = AK 1 L 2 MP L = 2 AK 1 L 2-1 MP K = 1 AK 1-1 L 2 Explain intuitively why

Y = AK1 L2MPL = 2AK1L2-1MPK = 1AK1-1 L2

Explain intuitively why an increase in K causes the MPK to decrease. (20 points)

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