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(4 marks) Suppose the production function of the fishing industry is .pdf

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(4 marks) Suppose the production function of the fishing industry is q=60L0.4K0.7. Find the marginal product of capital in the short run. Show how capital is subject to the law of diminishing marginal returns..

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(4 marks) Suppose the production function of the fishing industry is q=60L0.4K0.7. Find the marginal product of capital in the short run. Show how capital is subject to the law of diminishing marginal returns.

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