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3. Consider the following production function: q = 2V[ + 3VK a. Assume K= 16, derive the marginal product schedule for L. What direction is it moving? b. What returns to scale does the production function exhibit? Explain C. Let w = $4, r = $2, and K = 16; for the given values of a determine average fixed costs, average variable costs, average total costs, and marginal costs: L AFC AVC ATC MC q 12 13 14 15 K 16 16 16 16 16