Question: 6.12. Suppose the production function is given by the following equation (where a and b are positive constants): Q=aL+bK. What is the marginal rate of

6.12. Suppose the production function is given by the following equation

6.12. Suppose the production function is given by the following equation (where a and b are positive constants): Q=aL+bK. What is the marginal rate of technical substitution of labor for capital (MRTSL,K) at any point along an isoquant? Can you draw isoquant? Any similarity with this equation to some known equation, linear, quadratic etc...? Think

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