2. Suppose a production technology of a firm is represented as Q(K, L) = A[aK-b +...
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2. Suppose a production technology of a firm is represented as Q(K, L) = A[aK-b + (1 – a)L-*]¯ (A > 0; 0 < a < 1; b > -1) Find the marginal productivity of labour and capital for the firm. 2. Suppose a production technology of a firm is represented as Q(K, L) = A[aK-b + (1 – a)L-*]¯ (A > 0; 0 < a < 1; b > -1) Find the marginal productivity of labour and capital for the firm.
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