$$\text { Consider the production function } Q = 5 K + 10 L \text {. The } M R T S _ { L , K } \text { is: }$$
A)2.00
B)1.50
C)1.00
D)0.50

Question

Quizplus · Accepted Answer

The Marginal Rate of Technical Substitution (MRTS) between labor (L) and capital (K) is calculated as the ratio of the marginal product of labor (MP_L) to the marginal product of capital (MP_K). Given the production function Q = 5K + 10L, MP_L = 10 (the coefficient of L) and MP_K = 5 (the coefficient of K). Therefore, MRTS_L,K = MP_L / MP_K = 10 / 5 = 2.

Consider the production function Q=5K+10L. The MRTSL,K is: \text { Consider the production function } Q = 5 K + 10 L \text {. The } M R T S _ { L , K } \text { is: } Consider the production function Q=5K+10L. The MRTSL,K​ is:

$\text { Consider the production function } Q = 5 K + 10 L \text {. The } M R T S _ { L , K } \text { is: }$