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=5L0.5K0.25. In the short run, the firm has 16 units of capital. Find the Marginal Product of Labor (MPL). Fill in the appropriate numbers in the function below. MPL = Answer ___ L-0.5 (Round to the nearest 2 decimal places if necessary.)

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Answer 1

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4- 5 0.5 0.25 { * - ) کوارک - 22S( 7 / 8 = نرم 2 5 7-005

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