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Suppose the production function for a firm is given by: q=4L^0.5K^0.25 . If the firm currently has 20 units of capital (K) and 10 units
Suppose the production function for a firm is given by:q=4L^0.5K^0.25. If the firm currently has20units of capital (K) and10units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSlk).
^=exponent
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