A firm has production function Q = L.2K.8. Currently the firm employs 20 units of...
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Accounting
A firm has production function Q = L.2K.8. Currently the firm employs 20 units of labor and 10 units of capital.
Calculate the following: (Show your calculations to receive credit for your answers)
a) Units of output produced by the firm
b) Marginal product of labor of the firm
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