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Posted: **Sun Jun 05, 2022 3:51 pm**

: 4 Suppose That A Firm Has The Following Production Function Q Min 2k 3l Draw The Isoquants For Output Levels Q 6 And 1 (11.82 KiB) Viewed 47 times

4. Suppose that a firm has the following production function Q-min(2K,3L). Draw the isoquants for output levels Q₁-6 and Q₂-12. Now assume the firm is currently using 6 units of capital and 5 units of labor. What are the marginal products of K and L in this case?