67 120
Assignments Done
99,3%
Successfully Done
In November 2018

Answer to Question #62950 in Economics of Enterprise for slay

Question #62950
1. The following graph shows one of a firm's isocost curves and isoquants.



a. At the economically efficient method of producing 4,000 units of output the MRTS will equal _________.
Expert's answer
1a. If the following graph shows one of a firm's isocost curves and isoquants, then at the economically efficient method of producing 4,000 units of output the MRTS will equal MRTS = MP1/MP2,
where MP1 and MP2 are the marginal products of input 1 and input 2, respectively.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions