A firm's production is Q70L-001L Where Q denotes outputiand Ldenotes the size of the workforce calculate the value of MP when (OL=10 )L=100

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Q: T3

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Q: 13. IfQ-K12L2 the MP, is a. diminishing b. increasing C. constant d. not enough information to…

A: Given: The production function:  Q = K1/2L1/2 To Find: The marginal product of labor (MPL):

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