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Question 4 (1 point) Suppose a firm has a production function given by Q = 2K + L, where Lis labor, Kis capital and Q is the
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Answer #1

Ans. The firm's marginal rate of technical substitution depends on the amount of inputs.

This statement is untrue since the relationship between the imputs is what the marginal rate of technical substitution depends on and not the amount of inputs.

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