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Consider the production technology y = (x1 x2)2. (a) Draw a few isoquants. (b) What is the technical rate of substitution? (c) Solve for the

Consider the production technology y = (x1 x2)2. (a) Draw a few isoquants. (b) What is the technical rate of substitution? (c) Solve for the marginal products. Are they diminishing? (d) Is this technology characterized by decreasing, constant, or increasing re- turns to scale

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