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(Figure: Capital and Labor XVI) Consider the Production Function Q

question 121

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(Figure: Capital and Labor XVI) Consider the production function Q = L0.5K0.5, with MPK = L0.5/K0.5 and MPL = K0.5/L0.5. (Figure: Capital and Labor XVI)  Consider the production function Q = L<sup>0.5</sup>K<sup>0.5</sup>, with MP<sub>K</sub> = L<sup>0.5</sup>/K<sup>0.5</sup> and MP<sub>L</sub> = K<sup>0.5</sup>/L<sup>0.5</sup>.   When K = 5 and L = 10, the marginal rate of technical substitution is ____. A)  2 B)  1 C)  0.5 D)  0.25 When K = 5 and L = 10, the marginal rate of technical substitution is ____.


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