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What is the mrts for this pf

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Reference no: EM133287229

Suppose the production function (PF) isQ=2 L0.4 K0.5.

a. What is the MRTS for this PF. b. Does the PF exhibit increasing, decreasing, or constant returns to scale? Why? c. SupposeK=25. What is theMPL??

Reference no: EM133287229

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