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Derive the Marginal Rate of Technical Substitution OF L FOR K (MRTS LK ) for each...

Derive the Marginal Rate of Technical Substitution OF L FOR K (MRTS

LK

) for each of the

following production functions. Also indicate whether MRTS is diminishing or not.

a. 2K^(3/4)L^(1/2)

b. K^a L^B

c. 10K+5L

D.K^a + L^a

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