Solve for the marginal rate of technical substitution

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Reference no: EM131336011

A more general form of the Cobb?-?Douglas production function is given by

where A, α, and β are positive constants.

a. Solve for the marginal products of capital and labor.

b. For what values of α and β will the production function exhibit diminishing marginal returns to capital and labor?

c. Solve for the marginal rate of technical substitution.

Reference no: EM131336011

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