(Answered) 1 firm a has a production function fkl14 timesl14 then

Management Studies

1) Firm A has a production function f(K,L)^1/4 ×L^1/4 . 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?

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