Calculate the efficient long-run value

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With a firm's production function given by Q=6L^2/3K^1/3, calculate the efficient long-run value of K and the MRTS when Q is 648 units per period and L is 216 labour-hours per period. Do the same calculations when Q is 1296 units per period and L is 432 labour-hours per period.

Reference no: EM131096466

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