Calculate mrts and determine slope of the isoquant

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Reference no: EM13891996

Consider the production function q=4L^.3K^.8. K is not fixed in the long run. Graph the isoquant for Q=4. Identify and label 3 points on the graph.

Calculate MRTS and determine slope of the isoquant of the three points you identified. label the slopes at these points.

Reference no: EM13891996

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