Question: Consider the production function Y=AK 0.2 L 0.8 What would be the effect on the marginal products of capital and labour of a 2 percent

Consider the production function Y=AK^0.2L^0.8

What would be the effect on the marginal products of capital and labour of a 2 percent increase in total factor productivity? Does this mean that labour and capital do not have diminishing marginal productivity? Explain.

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