Question: 1 . Suppose that the Cobb - Douglas production function is q = L 0 . 7 5 K 0 . 2 5 . a

1. Suppose that the Cobb-Douglas production function is q = L0.75 K0.25.
a. What is the average product of labor, holding capital fixed?
b. What is the marginal product of labor?
c. What are the APL and MPL, when K =16?

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