Question: If the production function is 5 10 18 + 9 10 What is the marginal product of labour (L)? MPL (please give exact answer, no

 If the production function is 5 10 18 + 9 10What is the marginal product of labour (L)? MPL (please give exact

If the production function is 5 10 18 + 9 10 What is the marginal product of labour (L)? MPL (please give exact answer, no rounding to some number of decimals, and use capital letters) Whint in the marginal product of capital ( FC)? MPK El [h (please give exact answer, no rounding to some number of decimals, and use capital letters) What is the marginal rate of technical substitution for labour with respect to capital (MRTS, FC) ? MRTSLK (please give exact answer, no rounding to some number of decimals, and use capital letters)Question 41 (2 points) Listen Referring to the following table for the question Taxable Income Marginal Tax rate 0 - $10,000 10% $10,000 - $30,000 15% over $30,000 20% What is the average tax rate if the taxable income is $38,400? [Hint:enter your answer in 2 decimal places. Do NOT enter the % sign. For example 36.546% should be entered as 36.55] Your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!