2. A firm has the production function y = 4LK. The marginal products are given by...

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2. A firm has the production function y = 4LK. The marginal products are given by MP = 4K and MPx = 4L. (a) Provide an expres

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MPK IQ Y= 4LK, MR = 4K, MPx=4L. I a) In long Run, at Eqm MRTS = MP = w/ - 4 k = w/ rk=WL K = WL, from peodo funch, y = 44.(W4

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