answer pls help me A profit-maximizing firm equates the marginal rate of technical substitution of two inputsto:the ratio of marginal products of the inputs and the ratio of the costs of these inputs.O the marginal cost ratio of the good being produced.O All of the choicesNone of the choicesthe price ratio of the good being produced.O the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs.O the ratio of marginal products of the inputs►

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A profit-maximizing firm equates the marginal rate of technical substitution of two inputs to: the ratio of marginal products of the inputs and the ratio of the costs of these inputs. the marginal cost ratio of the good being produced. All of the choices None of the choices the price ratio of the good being produced. the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs. O the ratio of marginal products of the inputs

A profit-maximizing firm equates the marginal rate of technical substitution of two inputs to: the ratio of marginal products of the inputs and the ratio of the costs of these inputs. the marginal cost ratio of the good being produced. All of the choices None of the choices the price ratio of the good being produced. the ratio of the inputs cost that satisfies the ratio of highest marginal products of the inputs. O the ratio of marginal products of the inputs

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.9P

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what is the marginal rate of substitution when the price of coffee is $1.00 per ounce? the prof said the answer is -2.