(Figure: Pancakes and Cereal I) Suppose that the economy is operating at point G. In the cereal industry, the marginal product of labor and capital are 10 and 4, respectively. What is the marginal rate of technical substitution of labor for capital in the pancake industry?

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The Answer of (Figure: Pancakes and Cereal I) Suppose that the economy is operating at point G. In the cereal industry, the marginal product of labor and capital are 10 and 4, respectively. What is the marginal rate of technical substitution of labor for capital in the pancake industry?

(Figure: Pancakes and Cereal I) Suppose That the Economy Is