For the production function y = 2x1 + 3x2, What is the Technical Rate of Substitution? (Remember the negative sign.) Round your answer to two decimal places, e.g., -0.235 should be written as -0.24.
For the production function y = 2x1 + 3x2, What is the Technical Rate of Substitution? (Remember the negative sign.) Round your answer to two decimal places, e.g., -0.235 should be written as -0.24.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 2SQP
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![For the production function \( y = 2x_1 + 3x_2 \), what is the Technical Rate of Substitution? (Remember the negative sign.) Round your answer to two decimal places, e.g., -0.235 should be written as -0.24.
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Transcribed Image Text:For the production function \( y = 2x_1 + 3x_2 \), what is the Technical Rate of Substitution? (Remember the negative sign.) Round your answer to two decimal places, e.g., -0.235 should be written as -0.24.
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