Suppose that at a firm's current level of production the marginal product of capital is equal to 10 units, while the marginal rate of technical substitution between capital and labor is 2. Given this, we know the marginal product of labor must be
A)5.
B)20.
C)10.
D)It is not possible to say with the information given in the problem

Question

Quizplus · Accepted Answer

The Answer of Suppose that at a firm's current level of production the marginal product of capital is equal to 10 units, while the marginal rate of technical substitution between capital and labor is 2. Given this, we know the marginal product of labor must be
A)5.
B)20.
C)10.
D)It is not possible to say with the information given in the problem

Suppose That at a Firm's Current Level of Production the Marginal