Question: Suppose that the production function is f ( x 1 , x 2 ) = ( x 1 ) 1 3 ( x 2 )

Suppose that the production function is
f(x1, x2)=(x1)
1
3(x2)
1
3.
(a) Write the expression for the marginal product of input x1.
(b) What is the marginal rate of technical substitution between x2 and x1?
(c) Does this production function have diminishing rate of technical substitution?
(d) Does the production function exhibit decreasing, constant, or increasing returns to
scale?

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