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# (Solved): The output of an economic system Q, subject to two inputs, such as labor L and capital K, is often m ...

The output of an economic system Q, subject to two inputs, such as labor L and capital K, is often modeled by the Cobb-Douglas production function Q = cL Kb. When 2 5 a + b = 1, the case is called constant returns to scale. Suppose Q=4913, a = 7, b = 7, and c=56. Complete parts (a) and (b). a. Find the rate of change of capital with respect to labor, dk dL . First substitute the given values of Q, a, b, and c into the production function. Save (Type an equation.)

The output of an economic system , subject to two inputs, such as labor and capital , is often modeled by the Cobb-Dougiat production function m cl. , When , the case is called constant returns to scale. Suppose , and . Complete parts and (b) (Type an equation.)

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