Question: A rm has the production function Y = 0.2M? + W) In the current period, K = 100 and N = 100. a Graph the

A rm has the production function Y = 0.2M? + W) In the current period, K = 100 and N = 100. a Graph the relationship between output and capital, holding labor constant at its current value. ( ) (b) What is the marginal productivity of capital? (c) Does the marginal product of capital diminish? (d) Graph the relationship between output and labor, holding capital constant at its current value. (e) Does the marginal productivity of labor diminish? (f) What is the real wage to that must prevail in the labor market for the current value of labor to be optimal (i.e. protmaximizing) for the rm

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