Suppose the production function for a firm is given by: q=5L0.5K0.25. In the short run, the...

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Suppose the production function for a firm is given by: q=5L0.5K0.25. In the short run, the...

Suppose the production function for a firm is given by: q=5L^0.5K^0.25. In the short run, the firm has 256 units of capital.

Find the Marginal Product of Labor (MP_L). Fill in the appropriate numbers in the function below.

MP_L = ( ) L^-0.5

business economics

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o S o 25 (k→ c) 7, -05 5 L2) 2 2 -0,J

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