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Let F be a function of two variables, defined by F(K, L) = 7 In K + 9 In L. (a) Find RLK= F₁'(K, L)/ F₂' (K, L), the mar
Posted: Sun Jul 03, 2022 6:55 am
by answerhappygod
- Let F Be A Function Of Two Variables Defined By F K L 7 In K 9 In L A Find Rlk F K L F K L The Mar 1 (19.15 KiB) Viewed 15 times
Let F be a function of two variables, defined by F(K, L) = 7 In K + 9 In L. (a) Find RLK= F₁'(K, L)/ F₂' (K, L), the marginal rate of substitution of L for K. (b) Find OLK= EIRLK (L/K), the elasticity of substitution between L and K along a level curve for F. RLK= (Simplify your answer.) OLK =