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Mairoon Mairoon
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Posts: 850
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6 years ago
If the marginal rate of technical substitution for a cost minimizing firm is 10, and the wage rate for labor is $5, what is the rental rate for capital in dollars?
A) .5
B) 1
C) 2
D) 10
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 77 times
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Replies
wrote...
6 years ago
A
Mairoon Author
wrote...
5 years ago
Perfect
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