For the following production function: Q(K, L) = 3K + 2L a.) find the marginal product equation

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For the following production function: Q(K, L) = 3K + 2L

a.) find the marginal product equation of K

b.) find the marginal product equation of L

c.) find the marginal rate of technical substitution of L for K

d.)draw the isoquant for Q=10

Related Book For answer-question

Microeconomics

ISBN: 9781464146978

1st edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Posted Date: Sep 14, 2020 07:00 PM

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For the following production function: Q(K, L) = 3K + 2L a.) find the marginal product equation

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Microeconomics

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