Question: Problem please and thanks l l If the production function is 8 L4 K 4 , What is the marginal product of labour (L)? Please

Problem please and thanks

l l If the production function is 8 L4 K 4 , What is the marginal product of labour (L)? Please enter answers as a fraction. Make sure to use capital letters in your answers to all parts of this question. M = Ens What is the marginal product of capital (K)? Please enter answers as a fraction. MPK : Sale What is the marginal rate of technical substitution for labour with respect to capital (MRTSLK) ? Please enter answers as a fraction. MRTSLK : Ens

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