If the production function is F(K,L) = A * K0.4L0.6 then the Marginal Rate of Technical Substitution of K for L: is 0.6 0.4 O depends on the amounts of (K,L) O depends on A O is 0.6 O is 0.4 0.6 O is 0.4

If the production function is F(K,L) = A * K0.4L0.6 then the Marginal Rate of Technical Substitution of K for L: is 0.6 0.4 O depends on the amounts of (K,L) O depends on A O is 0.6 O is 0.4 0.6 O is 0.4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the production function is F(K,L)=A∗K0.4L0.6 then what is the marginal rate of technical substitution
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