A firms marginal product of labor is 4 and its marginal, Ask an Expert

Economics

A firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor, but does not want its output quantity to change, the firm should use 0.8 fewer units of capital. The MRTS at the current output level is _____?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91826778

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