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Karina the Economist posted a comment online that stated that texting while driving has led to increases in our GDP. Explain how texting while driving can lead to higher GDP.
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Suppose the production function for a firm is given by: q=4L +2K. If the firm currently has 20 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTS LK ).
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