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2. For each of the following production functions (a and b) find the following equations (i-iii) in terms of Qo, w and r . i)

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2. For each of the following production functions (a and b) find the following equations (i-iii) in terms of Qo, w and r . i) MRTSL,K ii) Long-run capital and labor demand curve. iii) Short-run capital and labor demand curve if the firm is stuck with K = 2. (a Q = 4L'/3 12/3 (b) Q = LK + 3L

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