Question: 1. a. Suppose that the production function is Q = L^1/4K^3/4. In the short-run, with capital held fixed at K = 256, a. Find the
1. a. Suppose that the production function is Q = L^1/4K^3/4. In the short-run, with capital held fixed at K = 256, a. Find the total product function. b. Find the average product of labour (AP) function. c. Find the marginal product of labour (MP) function.
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