Unformatted text preview: 4. Answer problem 4, page 283, in the text. 5. Consider the following production function in which capital and labor are perfect substitutes Q=f(L,K)= 5L+3K What are MP L , MP K and MRTS? Draw the isoquants for this production function....
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- Spring '11
- Supply And Demand, 3k, 5L, Professor Mumy Winter, perfect substitutes Q=f