Wheat is produced according to the production function: q=100(k^0.75 l^0.25)beginning with a capital input of 4 and a labor input of 49, show that the marginal product of labor and the marginal product of capital are both decreasing (round responses to two decimal places.)the mpk at 5 units of capital is: the mpk at 6 units of capital is: the mpl at 50 units of labor is: the mpl at 51 units of labor is:
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Wheat is produced according to the production function: q=100(k^0.75 l^0.25)beginning with a capital...
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