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Possible combinations of capital and labor

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Reference no: EM131253634

1) Firm A has a production function f(K,L)1/4 ×L1/4 . Then firm builds small bungalow houses.

a) Write a function which shows all possible combinations of capital and labor to produce 10 houses.

b) What is the marginal product of labor?

c) What is the marginal product of capital?

Reference no: EM131253634

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