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What is the firm total product of labor equation

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Reference no: EM131929082

  1. Suppose that a firm's production function is Q=(5K^0.5)(L^0.5) where Q is units of output, K and L are machine hours and labor hours, respectively. Suppose that the amount of K available to the firm is fixed at 100 machines hours.
  2. What is the firm's total product of labor equation?
  3. Calculate the Total Product of Labor for L=1 to L=10.

Reference no: EM131929082

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