Question: EXAMPLE ( I : : GIVEN THE FOLLOWING DATA ON DIFFERENT COMBINATIONS OF TWO FACTORS OF PRODUCTION: I- Calculate the MRTS 2- Draw the Isoquant

EXAMPLE ( I : : GIVEN THE FOLLOWING DATA ON DIFFERENT

EXAMPLE ( I : : GIVEN THE FOLLOWING DATA ON DIFFERENT COMBINATIONS OF TWO FACTORS OF PRODUCTION: I- Calculate the MRTS 2- Draw the Isoquant curve If a producer budget is 200,000$,PL=5000$,Pk=10000$ : 3- Draw the Isocost curve 4- Determine the point of producer equilibrium EXAMPLE ( I : : GIVEN THE FOLLOWING DATA ON DIFFERENT COMBINATIONS OF TWO FACTORS OF PRODUCTION: I- Calculate the MRTS 2- Draw the Isoquant curve If a producer budget is 200,000$,PL=5000$,Pk=10000$ : 3- Draw the Isocost curve 4- Determine the point of producer equilibrium

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