Question: 1) A company's production function is given by P = 2.1 L0-6K0-4 Where P is the total output generated by L units of labor and

1) A company's production function is given by P = 2.1 L0-6K0-4 Where P is the total output generated by L units of labor and K units of capital. Determine: (a) The marginal production function with respect to L and provide its economic interpretation. (b) The marginal production function with respect to K and provide its economic interpretation

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