11.5 Suppose that q LK 0 1, 0 1, 1....

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11.5 Suppose that q  LK 0  1, 0  1,     1.

a. Show that eq,L  , eq,K  .

b. Show that MPL 0, MPK 0;  2 q/L2  0,  2 q/K 2  0.

c. Show that the RTS depends only on K/L, but not on the scale of production, and that the RTS (L for K ) diminishes as L/K increases.

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