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Suppose a firm's production function is given by Q= L^1/2 * K^1/2.The marginal product of labor and the marginal product of capital is given by:
MPL= K^1/2 /2L^1/2 and MPk= L^1/2/2K^ 1/2.
What is the firm's marginal cost?

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Ritu Kharb
Ritu KharbLv5
28 Sep 2019

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