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production function Y=F(K,L) = 2K + VI . sa) Write its differential, dF(K,L). Consider the 54) Draw approximately the isoquant F(K, L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( ) for dk L=4.

production function Y=F(K,L) = 2K + VI . sa) Write its differential, dF(K,L). Consider the 54) Draw approximately the isoquant F(K, L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( ) for dk L=4.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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5) Consider the production function Y=F(K,L) = 2K + VI . sa) Write its differtential, dF(K,L). %3D 5L) Draw approximately the isoquant F(K,L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( for dk L=4.
Transcribed Image Text:5) Consider the production function Y=F(K,L) = 2K + VI . sa) Write its differtential, dF(K,L). %3D 5L) Draw approximately the isoquant F(K,L)=8 in a graph with K on the vertical axis and L on the horizontal axis 5c) Calculate the slope of the isoquant ( for dk L=4.
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Y=F(K,L)= L+2K

 

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