(Answered) If a firms production function is given byq fk l k l

Economics

If a firm's production function is given byQ = f(K, L) = K + L, (4)where Q is the number of units of output, K is capital and L is labor.

(a) Derive the average product of labor (AP L) and the average product of capital(APK)

(b) Derive the marginal product of labor (MP L) and the marginal product of capital

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Macroeconomics, Economics

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