Question: Suppose the production function for a firm is given by: q=4L0.5K0.25 . In the short run, the firm has 16 units of capital. Find the

Suppose the production function for a firm is given by:q=4L0.5K0.25. In the short run, the firm has16 unitsof capital.

Find the Marginal Product of Labor (MPL). Fill in the appropriate numbers in the function below.

MPL= ______ L^-0.5

(Round to the nearest 2 decimal places if necessary.)

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