Question: Non-Calculus Problems: 6. Suppose that a firm's production function is given by Q = 0-3310.67, where MP. = 0.33K 0.6710.67 and MP, = 0.67K0-33 L-0.33

 Non-Calculus Problems: 6. Suppose that a firm's production function is given

Non-Calculus Problems: 6. Suppose that a firm's production function is given by Q = 0-3310.67, where MP. = 0.33K 0.6710.67 and MP, = 0.67K0-33 L-0.33 a. As L increases, what happens to the marginal product of labor? b. As K increases, what happens to the marginal product of labor? c. Why would the MP , change as K changes? d. What happens to the marginal product of capital as K increases? As L increases

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