With a firms production function given by q6l23k13, Ask an Expert

Economics

With a firm's production function given by Q=6L^2/3K^1/3, calculate the efficient long-run value of K and the MRTS when Q is 648 units per period and L is 216 labour-hours per period. Do the same calculations when Q is 1296 units per period and L is 432 labour-hours per period.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91839139

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