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Suppose the Production Function for a Car Manufacturer Is

Question 23

Multiple Choice

Suppose the production function for a car manufacturer is:
Q = 2K2L2
Where Q is the number of cars produced, K is the number of machine hours used, and L is the number of worker hours used. The function for the marginal rate of technical substitution is ____.


A) 4K2L
B) 4KL2
C) 4KL
D) KL-1

Correct Answer:

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