Question: Consider the Cobb-Douglas production function Q = 36 K 0.5 L 1.0 . a. Find the marginal product functions. b. Write equations for the MRTS

Consider the Cobb-Douglas production function Q = 36 K0.5 L 1.0. 

a. Find the marginal product functions. 

b. Write equations for the MRTS and the output elasticities. 

c. The function coefficient is equal to, so the production function is characterized by returns to scale.

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