Waec Model Questions Vol1 2019 Economics Question 35
Practice objective / multiple choice question 35 from the 2019 Waec Model Questions Vol1 Economics examination.
A firm's production function is Q = 10 L^{0.5} K^{0.5}. If the firm employs L = 16 units of labour and K = 9 units of capital, what is the marginal rate of technical substitution (MRTS) of labour for capital at this input combination? Express your answer as a decimal to four places.
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About This Question
This is Waec Model Questions Vol1 2019 Economics Question 35. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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