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If MPK =4 and MRTs = 2 what is MPL? what is the price of capital if labor is 8 and MRTS is 4? If
- If MPK =4 and MRTs = 2 what is MPL?
- what is the price of capital if labor is 8 and MRTS is 4?
- If capital is increased by 4 units and MRTS is 3 what is MPL?
- If MPL is 4 and MRTS is 8 what is MPK?
economics
mPL= Marginal product of labor
MRTS= Marginal Rate of technical substitute
MPK = marginal product of Capital
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
