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Given the production function Q = K^06. L^0.3Findi) the marginal productivity of labourii) the marginal

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  1. i)

    MPL=δQ/δL

    MPL=0.3K^0.6 / L^0.7

    ii)

    MPK=δQ/δK

    MPK=0.6L^0.3 / K^0.4

    iii)

    MRTS(L;K)= - MPL/MPK = -K/2L


  2. Yes
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