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Given the Above Graph,what Is the Marginal Rate of Technical

Question 48
Multiple Choice

img Given the above graph,what is the marginal rate of technical substitution at point A? A)0.3 B)1 C)1.125 D)1.67 E)none of the above

Related questions
Q 49
Given the above graph,as you move from point A to point B, A)output is unchanged. B)cost is unchanged. C)the rate at which the firm can substitute labor for capital while holding output constant decreases. D)both a and b E)both a and c
Q 50
Given the above graph,if the firm continues to produce 45 units of output and moves from point A to point B,it must be true that A)the price of labor decreased relative to the price of capital. B)the price of capital decreased relative to the price of labor. C)the cost of producing 45 units decreased. D)both b and c E)none of these are true
Q 51
If the price of labor is $5 and the price of capital is $10,what is the marginal rate of technical substitution at the optimal input choice? A)0.5 B)2 C)decreasing D)increasing E)none of the above
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