Find the mrts-mpl and mpk

Reference no: EM13190692

find out the MRTS of the following questions for a. q=L^0.5K^0.5, b. q=L^0.5+K^0.5, c. q= min {K,L} and d. q=L+K. I think for the first two I have the correct answers and just need to make sure I didn't do the math incorrectly. find the MPL and MPK, you do the partial derivative for each L and K and then divide MPL/MPK to find the MRTS. So for a.

Reference no: EM13190692

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Find the mrts-mpl and mpk : find out the MRTS of the following questions for a. q=L^0.5K^0.5, b. q=L^0.5+K^0.5, c. q= min {K,L} and d. q=L+K. I think for the first two I have the correct answers and just need to make sure I didn't do the math incorrectly.

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