DA production ficmis faced with acobbDolas producion furchon of aCLn)-BL°a Ko!the MATS of capital and labour is ?BIunn conoume's two qods,X and Y.His budpt eguation is 70 7YHis MRSis?papes production fum hay a prodcnionunetion oda-KL. The marginal rate oftechnical sulbstitution is 15.the cost dproduction is N$80 theWhat is the rental rate of capital?wge rate is B8D Amal consumes two goods,Xandthe of X is NAS and thepricepaceofN is Nalo. She has an incomeofto spendgoods Her niliy fuctionon the th0is ll=x combination of X and Y thatThemaximizes Almal's unility iss

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DA production fcmis faced witha cobbDoulas producion furenonof aCLK)-131°a Kol The MATS of capital and labour is ?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 24CTQ: Suppose the U.S. economy began to grow more rapidly than other counties in the world. What would be...

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