A firm has the production function f(#1, 72) = 1750 50. %3D What is the marginal rate of technical substitution (M RTS)? (a) MRTS =-1 2.5X, (b) MRTS = -12/21 (c) MRTS=-522/21 (d) MRTS =-0.5r2/21 (e) MRTS = -0.2x2/11 %3D

A firm has the production function f(#1, 72) = 1750 50. %3D What is the marginal rate of technical substitution (M RTS)? (a) MRTS =-1 2.5X, (b) MRTS = -12/21 (c) MRTS=-522/21 (d) MRTS =-0.5r2/21 (e) MRTS = -0.2x2/11 %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

E. A firm has the production function
f(T1, 12) = 1750 , 50
What is the marginal rate of technical substitution (M RTS)?
(a) MRTS =-1
2.5x,
(b) MRTS = -x2/x1
(c) MRTS = -5x2/01
(d) MRTS =-0.5x2/21
(e) MRTS = -0.2x2/21
%3D
%3D

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