5. Suppose a firm has a production function represented by 𝑄(𝐾, 𝐿) = min⁡(4𝐾, 3𝐿

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5. Suppose a firm has a production function represented by 𝑄(𝐾, 𝐿) = min⁡(4𝐾, 3𝐿

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5. Suppose a firm has a production function represented by 𝑄(𝐾,
𝐿) = min⁡(4𝐾, 3𝐿). The firm is currently using 2 units of capital
and 3 units of labour. (please show the answer algebraically and
explain formula used.)
5.2. What is the marginal product of labour?
5.3. What is the marginal product of capital?
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