Assume that a firms production function Q = K1/2L1/2. a. Assume that the firm currently employs 200

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Question:

Assume that a firm’s production function Q = K1/2L1/2. a. Assume that the firm currently employs 200 units of capital and 100 units of labor. Determine the Average Product of Capital, Average Product of Labor, Marginal Product of Capital, and Marginal Product of Labor.