Suppose the production function

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Suppose the production function is Cobb-Douglas and f(x1; x2) = x1^2x2^3. Find:

(a) An expression for the marginal product of x1.

(b) An expression for the marginal product of x1.

(c) What returns to scale does this production function exhibit?

(d) The technical rate of substitution between x2 and x1 is ----------. Does this technology have diminishing technical rate of substitution?

Reference no: EM132500179

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