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2. Consider firm production of q = 2kl-1.2k2-0.2l2. Let K = 5. (a) On the same...

2. Consider firm production of q = 2kl-1.2k2-0.2l2. Let K = 5.
(a) On the same graph, plot: output as a function of L; average productivity of labor; and
marginal product of labor.
(b) Identify graphically and numerically the level of labor for which MPL = 0.
(c) Let K increase to 10 and add the new MPL line to your graph. What do you notice about
the effect of increasing K on MPL?

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