If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital?
A)$0.5
B)$1
C)$2
D)$10

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The Answer of If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital?
A)$0.5
B)$1
C)$2
D)$10

If the Marginal Rate of Technical Substitution for a Cost