If the Marginal Rate Technical substitution (MRTS) of labor (L) for capital (K) equal (0.5), the the MPK/MPL is * O 0.5 O 1 O 2 O 4 9. which of the following is an example of positive statement * business firms ought to contribute more to charities O people buy more of a good or service when its price falls Government should not redistribute income O the foreign sector should be more tightly controlled

If the Marginal Rate Technical substitution (MRTS) of labor (L) for capital (K) equal (0.5), the the MPK/MPL is * O 0.5 O 1 O 2 O 4 9. which of the following is an example of positive statement * business firms ought to contribute more to charities O people buy more of a good or service when its price falls Government should not redistribute income O the foreign sector should be more tightly controlled

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section17.2: A Production Function And Economic Growth

Problem 4ST

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