Marginal Rate of Technical Substitution
Not what you're looking for?
Please provide a detailed step by step answer for this question. Word document attached.
Find the marginal rate of technical substitution for the following production function: Q=10(0.2L^-0.5+0.8k^-0.5)^-2
Purchase this Solution
Solution Summary
The expert finds the marginal rate of technical substitution for a production function. The solution answers the question(s) below.
Solution Preview
Please see attached file.
(a) Find the marginal rate of ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.