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Question 1 (Technology) Suppose the production function is q = 20KSLS. Calculate the RTS (-MPL/MPk) when: a) K = 200, L = 300 b) K

Question 1 (Technology) Suppose the production function is q = 20KSLS. Calculate the RTS (-MPL/MPk) when: a) K = 200, L = 300 b) K = 50, L = 400

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