A firms production function is given by Q = 18K 1/6 L 5/6 . (a) Show that
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A firm’s production function is given by Q = 18K1/6L5/6.
(a) Show that this function displays constant returns to scale.
(b) Find expressions for the marginal products of capital and labour.
(c) State what happens to the marginal product of labour when
(i) labour increases with capital held constant;
(ii) capital increases with labour held constant.
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