Suppose That, at a Given Production Plan, the Marginal Product

question 20

Multiple Choice

Suppose that, at a given production plan, the marginal product of labor is 6 and the marginal product of capital is 3.In a graph with labor on the horizontal and capital on the vertical axis, this implies that the technical rate of substitution at that production plan is

• A)-1/2
• B)-2
• C)-18
• D)None of the above

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Definitions:

Authoritative Style

A parenting style characterized by high demands and high responsiveness, encouraging autonomy while setting clear boundaries.

Parenting

The process of promoting and supporting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.

Authoritative Parents

A parenting style characterized by high responsiveness and high demands, where parents set clear standards and are assertive without being intrusive or restrictive.

Authoritarian Parents

A parenting style characterized by high demands and low responsiveness, where parents impose strict rules and expect obedience without question.