The Production Function Is Q = K

question 157

Multiple Choice

The production function is Q = K^.6 L^.4.The marginal rate of technical substitution is:

• A) 2/3 K^-1 L.
• B) K^-1 L^-1.
• C) 2/3 K L^-1.
• D) K^.4 L^-.6.

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