Essay
Find the Marginal Rate of Technical Substitution for the following production functions:
a.q = L0.5 K0.5
b.q = L0.5 + K0.5
c.q = min{K,L}
d.q = L + K
Correct Answer:
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a.K/L
b.K/L
c.- infi...View Answer
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Correct Answer:
Verified
b.K/L
c.- infi...
View Answer
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