Mark launders his white clothes using the production function q 2B+G where B is

Question

Mark launders his white clothes using the production function q 2B+G where B is the number of cups of Clorox bleach and G is the number of cups of a generic bleach, where Clorox bleach is two times as potent. Use the line drawing tool to graph an isoquant for output of q 8. Label this line 'isoquant Carefully follow the instructions above, and only draw the required object. What is the marginal product of B? The marginal product of B is 2. (Enter a numeric response using an integer) What is the marginal rate of technical substitution at each point on an isoquant? The marginal rate of technical substitution is along the isoquant isoquant B, Cups of Clorox bleach

Explanation / Answer

MRTS is the number of unit sacrificed of one input in order to get an additional unit of other input keeping same level of output.

MRTS=MP of Clorox bleach/ MP of generic bleach=2/1=2

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