Business, 18.11.2020 17:10 Hfruit

Given a Cobb-Douglas production function where Î± = Î² = 0.5 Q = (K0.5) x (L0.5) Find the equation for the isoquant when Q= 2,000A) L =[2,000/ K 0.5]2B) K=[L2/2000] 0.5 C) K=[2,000/L2]0.5 D) K=[ 2,000/L0.5]2) The marginal rate of technical substitution can be written as the ratio of the marginal productivities of the two inputs: MRTS= - MPL / MPK= -[Î±q/L] /[ Î²q/K] Find the marginal rate of technical substitution when Q= 2,000 and L =100 MRTS =.

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Given a Cobb-Douglas production function where Î± = Î² = 0.5 Q = (K0.5) x (L0.5) Find the equation f...

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