Problem
Suppose the production function is Q = K1/2L1/2. Assume K = 16 and L-4.
1. What is the total output?
2. What is the average product of capital?
3. What is the average product of labor?
4. What is the marginal product of capital?
5. What is the marginal product of labor?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.