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Author Question: What is the MRTS for a firm with the following production function , q = 200L0.5K0.5 with L = 4 and ... (Read 70 times)

s.tung

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on: Jul 1, 2018
What is the MRTS for a firm with the following production function , q = 200L0.5K0.5 with L = 4 and K = 16?
 
  A) MRTS = -4
  B) MRTS = -2
  C) MRTS = -1
  D) MRTS = -8

Question 2

How much capital does a firm require to produce q = 3200 when labor is 4 and they have a production function equal to q = 200L0.5K0.5?
 
  A) K = 64
  B) K = 8
  C) K = 16
  D) K = 25
Microeconomics ¦ Perloff ¦ 8th Edition
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mrphibs

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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