Question: 3. Consider the production function Q = 13KA - L?. (a) Determine the MRTS,x for this production func- tionIIIIdo (b) Does this production function have

3. Consider the production function Q = 13KA - L?. (a) Determine the MRTS,x for this production func- tionIIIIdo (b) Does this production function have an uneconomic region? If so, describe the region algebraically. (Hint: your answer will be an inequality like this: K 1 and K > 1. (a) What is their production function at time 1 and olin time 2 if they experienced technological progress? (b) Is this change labor saving, capital saving, or neu- tral

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