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A farmer produces maize according to the following production function
Qm = AK1/3 L2/3
Where Qm is output of maize, A = land, K = capital and L = labour
Given that land is fixed at 100 hectares
i) Formulate the farmer's short run production function
ii) Find the marginal products of capital and labour
three marginal conditions of pareto optimality
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explain the marginal produtivity theory
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