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What is marginal product of capital

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Suppose that a firm produces a good X using 2 factors of production: capital K and labor L. Assume it has the following production function:
?? =2??+2??

What is the marginal product of labor? What is the marginal product of capital? Recall that the marginal product of labor is the additional quantity of output generated by hiring one more worker. Likewise, the marginal product of capital is the additional quantity of output generated by adding one unit of capital.

Reference no: EM133246040

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