Mathematics, 14.12.2021 22:00 soogy

There are two production functions given as 1. q = l 1 2 k 1 2 2. q = min(l, 1 2 k) a. Suppose k = 16. For each of the production functions 1 and 2, find the total product, q, the average product, APl , and the marginal product, MPl , as a function of labor input l

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There are two production functions given as 1. q = l 1 2 k 1 2 2. q = min(l, 1 2 k) a. Suppose k = 1...

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