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Suppose the following production function: Q = 10 (K)1/3 (L)2/3 subject to; W *L + r * K = Cost.
a. Suppose that K the amount of capital is K =8. If this company hires 64 workers (L), calculate the value of Q.
b. Determine if this production function exhibits constant, increasing or decreasing returns to scale.
c. The marginal Products are the following: MPK = and MPL = Please derive the marginal rate of technical substitution
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Transaction Processing Systems are excellent for handling data needs
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1. What nonmarket risks does MTN face in its current operations?
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The problem-solving competency in the skills model is most similar to:
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