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For each of the following production functions: a) Q(K,L) = 2K + 3L b) Q(K,L) =...

For each of the following production functions: a) Q(K,L) = 2K + 3L b) Q(K,L) = K^0.5L^0.25 c)Q(K,L) = LK + L

Write an equation and graph the isoquant for Q = 100. ?

Find the marginal rate of technical substitution and discuss how M RT SLK ?changes as the firm uses more L, holding output constant. ?

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