Consider the case of a firm which produces q units of a single output using two inputs, labour (L) and capital (K). Supp

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answerhappygod
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Consider the case of a firm which produces q units of a single output using two inputs, labour (L) and capital (K). Supp

Post by answerhappygod »

Consider the case of a firm which produces q units of a single
output using two inputs, labour (L) and capital (K). Suppose the
marginal rate of substitution of labour in terms of capital is
given by MRS = K1/6 / L Find the value of the derivative which can
be informative about the shape of the firm's isoquant at the point
where L =1.42 and K =17
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