Math Problem Statement
F(A,K,L)=A(K^(1/2) + L^(1/2))^2 Find MPL and MPK
Solution
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Math Problem Analysis
Mathematical Concepts
Differential Calculus
Marginal Products
Partial Derivatives
Formulas
F(A, K, L) = A(K^(1/2) + L^(1/2))^2
MPL = A (K^(1/2) + L^(1/2)) / L^(1/2)
MPK = A (K^(1/2) + L^(1/2)) / K^(1/2)
Theorems
Chain Rule for Partial Derivatives
Suitable Grade Level
Undergraduate Economics or Mathematics
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