Question: Answer these questions about the production function Q = 3K + 4L. (a) What is the MRT SL,K? Plot some isoquants for this production process

Answer these questions about the production function Q = 3K + 4L. (a) What is the MRT SL,K? Plot some isoquants for this production process and show the MRT S on your carefully labeled diagram. (b) When the production process looks like this, what kind of inputs are these considered to be? (c) Does this production function exhibit Constant, Increasing or Decreasing returns to Scale?

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