Question: Suppose that x and y represent the amounts of two basic inputs for a production process and that the equation describes all input amounts where

Suppose that x and y represent the amounts of two basic inputs for a production process and that the equation30x/3,2/3 = 1080

describes all input amounts where the output of the process is 1080 units

(a) Find dy/dx.

(b) What is the marginal rate of substitution of x for y when x = 16 and y = 54?

30x/3,2/3 = 1080

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