For the Production Function Q(K,L) = K⁰

question 3

Multiple Choice

For the production function Q(K,L) = K^0.5L^0.5, the marginal rate of technical substitution MRTS_LK is:

• A) 0.25K/L.
• B) 0.25L/K.
• C) K/L.
• D) L/K.

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Definitions:

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