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You are given the following production function Q = K 1/3 L 2/3 , where Q is output, L is labor, and K is capital.

You are given the following production function Q = K1/3L2/3, where Q is output, L is labor, and K is capital. First, calculate the marginal product of capital and the marginal product of labor. Next, calculate the marginal rate of technical substitution of labor for capital, MRTSL,K. What does this tell you about the production function?

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The given production function is Q K13L23 where Q is output L is labor and K is capital The plot of this production function shows that as capital and ... blur-text-image

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