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Calculate the marginal product of capital

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Reference no: EM132789785

1. Suppose a hypothetical economy has the following production function:Y = F(L,K) = L + K

a. Calculate the Marginal Product of Capital

b. Calculate the Marginal Product of Labor

c. Is this production function exhibit constant, diminishing, or increasing marginal product of labor? Show it.

Reference no: EM132789785

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