Given the production function y=( ip - Kp)1/p, what is the technical rate of substitution, the elasticity of substitution, and the returns to scale when p = 0.5?

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A: As given TC = 0.1Q3 -0.5Q2+8Q +10 TR = 52Q - 0.25Q2 +8

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Q: 5. What is the Demand Function? 6. What is the Supply Function? 7. What is the Equilibrium Point?

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