The production function is Q = K.6 L.4.The marginal rate of technical substitution is:
A) 2/3 K-1 L.
B) K-1 L-1.
C) 2/3 K L-1.
D) K.4 L-.6.
Correct Answer:
Verified
Q55: According to the table below,what is
Q56: In order to minimize the cost of
Q57: According to the table below,what is
Q58: In order for isoquants to have a
Q59: According to the table below,at what
Q61: Which of the following is NOT a
Q62: A production function:
A) defines the minimum amount
Q63: Given a cost function C(Q)= 200 +
Q64: For the multiproduct cost function C(Q1,Q2)= 100
Q65: The short run is defined as the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents