Find the marginal rate of technical substitution and, Econometrics

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Find the marginal rate of technical substitution and

For the following production functions,

• Find the marginal product of each input.

• Determine whether the production function exhibits diminishing marginal returns to each input.

• Find the marginal rate of technical substitution and discuss how MRTS_LK changes as the firm uses more L, holding output constant.

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Econometrics: Find the marginal rate of technical substitution and

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Econometrics: Find the marginal rate of technical substitution and

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