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For the Production Function Q(K,L) = K⁰

Question 3

Multiple Choice

For the production function Q(K,L) = K^0.5L^0.5, the marginal rate of technical substitution MRTS_LK is:

A) 0.25K/L.
B) 0.25L/K.
C) K/L.
D) L/K.

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