Find the Value of the Marginal Rate of Technical Substitution $Q = 300 K ^ { \frac { 2 } { 3 } } L ^ { \frac { 1 } { 2 } }$

question 1

Multiple Choice

Find the value of the marginal rate of technical substitution for the production function $Q = 300 K ^ { \frac { 2 } { 3 } } L ^ { \frac { 1 } { 2 } }$ when $K = 40 , L = 60$ .

• A) \(\frac { 1 } { 2 }\)
• B) \(\frac { 3 } { 2 }\)
• C) \(\frac { 3 } { 4 }\)
• D) \(\frac { 2 } { 3 }\)
• E) 2

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Definitions:

Subscription Price

The cost at which existing shareholders can purchase additional shares of stock in a company before it is offered to the public.

Market Price

The cost at which the marketplace is currently trading assets or services.

Underwriting Spread

Underwriting spread is the difference between the price at which underwriters buy an issue from the issuer and the price at which they sell it to the public.

Issue Costs

Expenses associated with issuing new stocks or bonds, including underwriting, legal, and registration fees.