Advanced Placement (AP)

Skateboards are produced according to the production function, q = 10*(K^0.25)*(L^0.5) - L. At what quantity of labor does total product begin to decline given that capital is fixed at 16 units in the short-run?

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Skateboards are produced according to the production function, q = 10*(K^0.25)*(L^0.5) - L. At what...

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