Answer to Question #28199 in Economics of Enterprise for Alidu Salifu

Question #28199
2. An industry can be characterized by the following production function:

Q = 2.5L^.60 C^.40

(a) What is the algebraic expression for the marginal productivity of labor?
(b) What is the algebraic expression for the average productivity of labor?
(c) How would you characterize the returns-to-scale in the industry?
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