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(Solved): 8. At \( K=1 \), what is the marginal rate of technical substitution of capital for labor (MRTS \( ...




8. At \( K=1 \), what is the marginal rate of technical substitution of capital for labor (MRTS \( \mathrm{k}_{\mathrm{L} .}
8. At \( K=1 \), what is the marginal rate of technical substitution of capital for labor (MRTS \( \mathrm{k}_{\mathrm{L} .} \) ) if the firm is currently producing 100 units of output? Your answer may not be exact, but one answer is significantly closer than the others. a. 3 b. \( 1.5 \) c. 3 d. \( 6.5 \)


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Marginal rate of technical substitution of capit
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