**Will reward full points as long as the work is provided to me! Find the margin
ID: 1177733 • Letter: #
Question
**Will reward full points as long as the work is provided to me!
Find the marginal rate of technical substitution for the isoquant for 8 units of output
(a) between (1L, 3K) and (1.5L, 1.5K);
(B) between (1.5L, 1.5K) and (3L,1K);
(c) at (1.5L, 1.5K)
(d) at (1L,3K) and at (3L,1K)
(e) what is the relevant portion of the isoquant for 8 units of output? Why?
Please provide ANY formulas used and show as much work as possible. I am trying to get a break down of how to do this so I can learn it myself for future tests.
Thanks in advance!
Explanation / Answer
You need to specify the production function to be able to solve this question. Can you please do that?
I'll post the solution here as soon as I get that.
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