Assume the following production function for maize: Q=3K^1.2 L^0.5, where Q is the number of bags of maize produced, K is the units of capital used and L the units of the labour employed. (a) Derive the MRTS of K and L. (b) Estimate the factor intensity of the production function and interpret results. (c) Is the above production function characterized by decreasing returns of scale? Explain

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