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Consider a Production Function of the Form Q=K2L2Q = K ^ { 2 } L ^ { 2 }

Question 20

Multiple Choice

Consider a production function of the form Q=K2L2Q = K ^ { 2 } L ^ { 2 } with marginal products MPK = 2KL2 and MPL = 2K2L. What is the marginal rate of technical substitution of labor for capital at the point where K = 5 and L = 5?


A) 5
B) 25
C) 50
D) 1

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