Solved: Suppose the production function for a firm is given by, History

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Suppose the production function for a firm is given by

Suppose the production function for a firm is given by: q=4L0.5K0.25. In the short run, the firm has 16 unitsof capital.

Find the Marginal Product of Labor (MPL). Fill in the appropriate numbers in the function below.

MPL = x L-0.5 x = ? (Round to the nearest 2 decimal places if necessary.)

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