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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 9: Production and Cost in the Long Run
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    Refer to the Following Graph
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Refer to the Following Graph

Question 14

Question 14

Multiple Choice

Refer to the following graph.The price of labor is $3 per unit: Refer to the following graph.The price of labor is $3 per unit:   What is the marginal rate of technical substitution at point B? A) 0.6 B) 0.75 C) 1 D) 1.7 What is the marginal rate of technical substitution at point B?


A) 0.6
B) 0.75
C) 1
D) 1.7

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