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Q: microeconomic ( No Answer,   0 Comments )
Question  
Subject: microeconomic
Category: Business and Money > Economics
Asked by: makbool-ga
List Price: $7.50
Posted: 22 Oct 2002 23:19 PDT
Expires: 02 Nov 2002 16:52 PST
Question ID: 88462
Hi - I need to find out how other people will answer the following
with detailed steps.
If per day: Outlay cost is $800, Labour cost $40, Capital cost $50.00
a. The marginal rate of technical substitution of labour for capital
is?
b. Marginal product of each labour = 40 dresses at profit maximising
production level.  What will be the marginal product of capital
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