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4:43
YouTube
Economics in Many Lessons
How to Solve for the MRTS: Five Examples
Five numerical examples are given to show how to solve for the marginal rate of technical substitution.
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the production function is q k6 l4 the marginal rate of technical substitution is 23 k 1 l k 1 l 1 23 k l 1 k4 l 6 23978
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