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consider the following production function: q= 8lk+ 4l^2-(1/3)^3, Given the following expression for the marginal productivity of each input:
MPl= 8K+8L -L^2 and MPk -8L Assuming capital is plotting in vertical axis and labor is plotting in horizontal axis. Determine the MRTS when K=30 and L=15.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9491886

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