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What is the marginal product of labor

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Reference no: EM132098633

Joe owns a small coffee shop, and his production function is q = 3K1/2L1/2 where q is total output in cups per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). If Joe's capital is currently fixed at K=64 machines, what is the marginal product of labor?

Reference no: EM132098633

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