Question: Given the production function: Q = 0.5C^2 + 12CL + 1.5L and the total acceptance function: TR = 1500 + 525 If C = 50

Given the production function: Q = 0.5C^2 + 12CL

Given the production function: Q = 0.5C^2 + 12CL + 1.5L and the total acceptance function: TR = 1500 + 525 If C = 50 and L = 10, calculate: a) Marginal Physical Product of Capital (MPP) b) Marginal Physical Product of Labor (MPP) L c) Marginal Revenue Product of Capital (MRP) C

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