This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the MRTS for a firm with the following production function, q = 10L0.5K0.3? (Read 34 times)

colton

  • Hero Member
  • *****
  • Posts: 627
on: Jun 18, 2019
What is the MRTS for a firm with the following production function, q = 10L0.5K0.3?
◦ The MRTS does not exist because labor and capital are perfect complements.
◦ MRTS = -
◦ The firm will substitute a constant 3 units of capital for 5 units of labor.
◦ None of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by colton on Jun 18, 2019

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 18, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


colton

  • Member
  • Posts: 627
Reply 2 on: Jun 18, 2019
Great answer, keep it coming :)

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
How to find the inverse of any function How to find the inverse of any function
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Periodic Function Modelled Periodic Function Modelled
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library