Multiple Choice
Suppose that, at a given production plan, the marginal product of labor is 6 and the marginal product of capital is 3.In a graph with labor on the horizontal and capital on the vertical axis, this implies that the technical rate of substitution at that production plan is
A) -1/2
B) -2
C) -18
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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