QUESTION 13 3 1 Suppose that a production function is given by F(L,K) = L * K " in which case the marginal products will be given by 3K 4 MPL = and MPK = L 3 respectively. What is the marginal rate of technical substitution at (L, K) = (18,3), and 4L 4 4K what is the interpretation? 01 2 which means that in order to maintain the same level of output, then if you increase k by one unit, you must decrease _ by two units. - 2, which means that in order to maintain the same level of output, then if you decrease _ by one unit, you must increase K by two units. which means that in order to maintain the same level of output, then if you increase k by one unit, you must decrease L by two units. 2, which means that in order to maintain the same level of output, then if you decrease _ by one unit, you must increase K by two units