Answer:
L = 100
W = 60
Step-by-step explanation:
2L + 2W = 320
-2L + 2W = -80
4W = 240
W = 60
L - W = 40
L - 60 = 40
L = 100
2.09, 2.190, 2.37, 2.432
Hope this helps!
Answer:
MRS is the demand side of equation while MRT is for the supply side.
MRS defines how much a consumer is willing to give up of good X for 1 additional unit of good Y to stay on the same utility level. It is shown by indifference curve. MRS = Price of X/ Price of Y
Similarly, MRT is how much a supplier is willing to give up producing good X for 1 additional unit of good Y. It is shown by Production Possibility Frontier. MRT = MC of X/ MC of Y
The answer is the bottom right one:
12/40 x 100
