Multiple Choice
What is the MRTS for a firm with the following production function ,q = 200L0.5K0.5 with L = 4 and K = 16?
A) MRTS = -4
B) MRTS = -2
C) MRTS = -1
D) MRTS = -8
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q106: Suppose the production of mp3 players can
Q107: Firms maximize profit when<br>A) the additional benefit
Q108: Returns to scale refers to the change
Q109: Joey's lawncutting service recently traded in its
Q110: Unlike indifference curves,isoquants can intersect.
Q112: The actual time length of the short
Q113: Which of the following inputs is easier
Q114: Suppose the production function for T-shirts can
Q115: For a linear production function,q = f(L,K)=
Q116: Economists typically assume that the owners of