Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 13RQ: What is the difference between a fixed input and a variable input?
Related questions
Question
prove that dMRTS/dL<0 when FKL > 0
where MRTS =MPL/MPK
MPL= marginal product of labor
MPK - marginal product of capital
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