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Suppose that firm uses 3 units of labor (L) with 4 units of capital (K) in fixed proportion. Which of the following is correct? MRTSLx

Suppose that firm uses 3 units of labor (L) with 4 units of capital (K) in fixed proportion. Which of the following is correct?

MRTSLx is not well defined and thus Lagrange multiplier method is applicable

The law of diminishing MRTSLx holds and thus Lagrange multiplier method is applicable

The law of diminishing MRTSLR holds and capital and labor are perfect complements.

MRTSLx is not well defined and thus Lagrange multiplier method is not applicable

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