Qakalb cobb-douglas fuctionwhere aa and b are positive, Ask an Expert

Economics

Q=AK^aL^b (cobb-douglas fuction)

Where A,a, and b are positive constants.

a. solve for the marginal products of capital and labor.

b. for what values of a and b will production function exhibit diminishing marginal returns to capital and labor?

c. solve for the marginal rate of technical substitution.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91407054

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