Business, 20.12.2019 19:31, JakerGamer

In the production of televisions, the marginal rate of technical substitution of hours of labor for hours of capital is 0.8, and the company chooses 5 units of labor and 8 units of capital. if the marginal product of capital is 10 televisions per hour, what is the marginal product of labor?

a. 0.08
b. 125
c. 8
d. 1.6

Answers: 1

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In the production of televisions, the marginal rate of technical substitution of hours of labor for...