Refer to the following:

-What is the marginal rate of technical substitution at point A?
A) 0.3
B) 1
C) 1.125
D) 1.67
E) none of the above

Question

Refer to the following:
 
-What is the marginal rate of technical substitution at point A?
A) 0.3 
B) 1 
C) 1.125 
D) 1.67 
E) none of the above

Quizplus · Accepted Answer

The marginal rate of technical substitution (MRTS) is typically calculated based on the specific production function and the inputs at point A. Without additional information about the production function or the inputs at point A, it is not possible to determine the MRTS from the given options.

Refer to the Following