Question: 5.8 Show that with a constant-returns-to-scale production function, the MRTS between labor and capital depends only on the K/L ratio and not on the scale
5.8 Show that with a constant-returns-to-scale production function, the MRTS between labor and capital depends only on the K/L ratio and not on the scale of production. (Hint: Use your result from Exercise 5.7.) M L-9687
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