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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    The Production Function Is Q = K<sup>
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The Production Function Is Q = K

Question 157

Question 157

Multiple Choice

The production function is Q = K.6 L.4.The marginal rate of technical substitution is:


A) 2/3 K-1 L.
B) K-1 L-1.
C) 2/3 K L-1.
D) K.4 L-.6.

Correct Answer:

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