Question
Consider a production function Q(L,K) = 10L^0.5K^0.5. At L = 9 and K =81, Q = ?.The MRTSL, Kat L= 9and K=81 is ?,which means
Consider a production function Q(L,K) = 10L^0.5K^0.5. At L = 9 and K =81, Q = ?.The MRTSL, Kat L= 9and K=81 is ?,which means that starting from this combination of inputs,the firm can substitute ?labour for?units of capital, and the firm stays on the same isoquant.
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
