Solved

Refer to the Following Graph

Question 87

Multiple Choice

Refer to the following graph.The price of capital r) is $20. Refer to the following graph.The price of capital r) is $20. At the optimal combination of inputs for producing 14,000 units of output,what is the marginal rate of technical substitution? A) 2.5 B) 0.67 C) 1.5 D) 0.80 E) impossible to tell from the graph At the optimal combination of inputs for producing 14,000 units of output,what is the marginal rate of technical substitution?


A) 2.5
B) 0.67
C) 1.5
D) 0.80
E) impossible to tell from the graph

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: If the price of labor rises relative

Q62: If a firm is producing the level

Q79: If a firm is producing the level

Q79: In the graph below,the price of capital

Q80: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2562/.jpg" alt=" Given the above

Q82: In the following graph,the price of labor

Q83: Refer to the following graph.The price of

Q84: Refer to the following figure.The price of

Q85: In the graph below,the price of capital

Q89: Refer to the following figure.The price of