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What does this say about the marginal return to labor

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Reference no: EM13686076

3. Suppose there is a fixed amount of capital K¯ = 10.
a)Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K,L) = K^3/5L^2/5.
b)What does this say about the marginal return to labor as you increase the amount of labor used?

Reference no: EM13686076

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