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ECO 303: Intermediate Microeconomic Theory Problems

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solution


Question

Question;Question 2Consider the production function f (x1, x2) = Axa xb. Find the marginal products of factors 1 and 2.Question 3Find the Technical Rate of Substitution (TRS) for the production function in Question 2.Question 4For what values of a + b does the production function in Question 2 presents constant returns to scale?

 

Paper#57438 | Written in 18-Jul-2015

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