Consider a Production Function of the Form $Q = K ^ { 2 } L ^ { 2 }$

question 20

Multiple Choice

Consider a production function of the form $Q = K ^ { 2 } L ^ { 2 }$ with marginal products MP_K = 2KL² and MP_L = 2K²L. What is the marginal rate of technical substitution of labor for capital at the point where K = 5 and L = 5?

• A) 5
• B) 25
• C) 50
• D) 1

Understand the key concepts and stages of Piaget's theory of cognitive development.

Grasp the basic principles of evolutionary theory and its application to human behavior and development.

Recognize the importance of research designs and methodologies in studying human development.

Identify the role of cognitive equilibrium in learning and adaptation.