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Consider Raya who produces plants using labor (L) and capital (K). Also suppose that the hourly wage rate (w) is $5, the rental rate (r)

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Consider Raya who produces plants using labor (L) and capital (K). Also suppose that the hourly wage rate (w) is $5, the rental rate (r) is $20, and the output target is 100. Capital is fixed the Short Run. If Raya's production technology is given by: q = L' +5K What is the slope of her Long Run Production Expansion Path (for q>1)? 0 0 O 1/4 0 1 O 4

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