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Production function: Q=f(L,K)=LsqrtK. Supposed that the firm operates in the short run with 16 units of capital.
1) Obtain the firm's short-run production function. 2) Obtain the firm's average product (AP). It does not depend on L but is constant. 3)Obtain the firm's marginal product (MP). It does not depend on L but is constant.
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