Refer to the following:
The price of capital is $100 per unit.
-What is the marginal rate of technical substitution at point C?
A) 0.14
B) 0.4
C) 1.4
D) 4
E) none of the above

Question

Refer to the following:
  The price of capital is $100 per unit.
-What is the marginal rate of technical substitution at point C?
A) 0.14 
B) 0.4 
C) 1.4 
D) 4 
E) none of the above

Quizplus · Accepted Answer

The marginal rate of technical substitution (MRTS) is typically calculated using the ratio of the marginal products of the inputs. Without specific information about the marginal products at point C, the correct MRTS cannot be determined from the given options.

Refer to the Following