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