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Given a production function Q = 4 L ^ ( 0 . 3 ) K ^ ( 0 . 7 ) , where L is

Given a production function Q =4L^(0.3)K^(0.7), where L is labor and K is capital, what is the
marginal rate of technical substitution (MRTS) when L =25 and K =16? The definition of
MRTS in this case is the following: MRTS is the rate at which labor can be substituted for capital while keeping output constant. Detail your answer. Do not even think of using chatGPT.

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