Refer to the Following Graph

question 64

Multiple Choice

Refer to the following graph.The price of capital (r) is $20. At the optimal combination of inputs for producing 14,000 units of output,what is the marginal rate of technical substitution?

• A)2.5
• B)0.67
• C)1.5
• D)0.80
• E)impossible to tell from the graph

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Definitions:

Childhood Events

Significant occurrences during one's early years that can have profound effects on an individual's development and personality.

False Event

An occurrence or activity that is fabricated and does not actually happen.

Retrograde Amnesia

The inability to recall events or knowledge acquired before suffering an injury or the emergence of a disease.

Procedural Memories

Procedural memories are a type of long-term memory for performing certain actions and skills, essentially how to do things, such as riding a bicycle or playing an instrument.