Question: Suppose that at an interior cost minimising input bundle, the absolute value of marginal rate of technical substitution is 10 when Labour is kept on

Suppose that at an interior cost minimising input bundle, the absolute value of marginal rate of technical substitution is 10 when Labour is kept on the horizontal axis and capital is kept on the vertical axis. if the wage rate for Labour is $20 what is the rental rate for capital in dollars?

A) 30

B) 200

C) 0.5

D) 2

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