QUESTION 6 Consider the production function q= 3L0.6K0.3 The marginal rate of technical substitution of labor for capital is 2K MRTSLK= O a. L 2L MRTSLK= O b. %3D K O c. C MRTS L,K 2K K O d. MRTS LK= 2L

QUESTION 6 Consider the production function q= 3L0.6K0.3 The marginal rate of technical substitution of labor for capital is 2K MRTSLK= O a. L 2L MRTSLK= O b. %3D K O c. C MRTS L,K 2K K O d. MRTS LK= 2L

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section7.A: Appendix: A Closer Look At Production And Cost

Problem 1AQ

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