For the Production Function Q = AL + BK, Where $MR T S_{L ,K}$

question 10

Multiple Choice

For the production function Q = aL + bK, where a and b are constants, the $MR T S_{L ,K}$ =

• A) declines as the firm substitutes labor for capital.
• B) remains constant as the firm substitutes labor for capital.
• C) implies upward-sloping, straight-line isoquants.
• D) is undefined.

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