This preview shows page 1. Sign up to view the full content.
Unformatted text preview: k =capital and l =labor, what is the marginal rate of technical substitution (think of labor on the horizontal axis) as a function of k and l ? RTS= .5 .5 .5 .5 / 10(.5) / 10(.5) q l l k k q k l l k-- = =...
View Full Document
This note was uploaded on 04/07/2011 for the course ECON 380 taught by Professor Showalter,m during the Winter '08 term at BYU.
- Winter '08