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Calculate the marginal rate of technical substitution

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Reference no: EM132143882

Suppose the production function for a firm is given by: q=4L0.75K0.25. If the firm currently has 10 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRTSLK).

Reference no: EM132143882

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