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Q=5L^(2/3)K^(1/3) Does this production function exhibit constant, increasing or decreasing returns to scale? What is the marginal rate of technichal substitution of L for K?
Q=5L^(2/3)K^(1/3)
Does this production function exhibit constant, increasing or decreasing returns to scale?
What is the marginal rate of technichal substitution of L for K?
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