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Unformatted text preview: (c) Derive the marginal products for capital and labor, and show their relationship with the average product for this particular production function. Add the MP L curve to the graph in part (b)note any unusual properties. (d) Consider the isoquant for Q = 10. What is the MRTS for the following points. K = 25, L = 4, K= L = 10, and K = 4, L = 25. Does the function show a diminishing MRTS ?...
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This note was uploaded on 10/25/2010 for the course ARE 100A taught by Professor Constantine during the Winter '08 term at UC Davis.
- Winter '08