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How should the production factors be combined in production

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Question - Starting from the product function: q = 1000K0.4 L 0.8. Define the marginal technical substitution rate and find the expression of the marginal technical substitution rate with the given product function. Assume that the price per unit of capital (s) is 50, while the price per unit of labor (w) is 100. How should the production factors be combined in production as given above?

Reference no: EM131695084

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