marginal rate of technical substitution?, Mechanical Engineering

 Assume the production function for a rm is given by the equation Q = L √K. Graph the isoquants corresponding to Q = 10, Q = 20, and Q = 50. Do these isoquants exhibit diminishing marginal rate of technical substitution? Are the returns to scale increasing, decreasing, or constant?

Posted Date: 3/21/2013 3:23:46 AM | Location : United States







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