Find the firms marginal rate of technical substitution

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Reference no: EM13690294

Suppose a firm's production function is: q=(K  1/2+L   1/2)  2 and that wage rate is w= $8 and the rental rate is r=$4.

a) Find the firm's marginal rate of technical substitution.

b) Use the production function to define the isoquant for 9 units of output.

Reference no: EM13690294

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