Assume that we have a Cobb-Douglas type aggregate production function in the form: Y=W.Kr.L1-r where :  W=technology and r is standard share parameter of Cobb-Douglas production function.   a. Find Marginal Rate of Technical Substitution (MRTS) between K and L. b. Why   does (or does not) technology affects MRTS? Explain. c. Find output per effective labor; capital per effective labor (y=Y/WL and k= K/WL ). d. Find elasticity of substitution between K and L. Why does (or does not) the result different from previous question (Question-1) (Y=Ka.Lb) ?

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