The production function is Q = K.6 L.4. The marginal rate of technical substitution is:

  • 2/3 K-1 L
  • K-1 L-1
  • 2/3 K L-1
  • K.4 L-.6

Note/Explanation

The production function is Q = K.6 L.4. The marginal rate of technical substitution is 2/3 K L-1.

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