The marginal product of labor in the production of computer chips is 50 chips per hour. The marginal rate of technical substitution (MRTS) of hours of labor for hours of machine capital is 0.20. What is the marginal product of capital? The marginal product of capital is chips per hour. (Enter your response as an integer.)

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Isocost and Isoprofit Curve Analysis

An isocost curve in the production theory that is a crucial part of economics depicts different combinations of factor inputs at a given market cost. In other words, this shows all the combinations of production factors that cost the same for the firm to employ. Usually, this can be depicted as a downward sloping straight line when the firms act as the price-takers in the factor markets. The slope of this mainly depicts the relative prices of different production factors.