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marusya05 [52]
2 years ago
5

If the marginal rate of technical substitution for a cost minimizing firm is -10, and the wage rate for labor is $5, what is the

rental rate for capital in dollars
Business
1 answer:
iVinArrow [24]2 years ago
3 0

Answer:

$ -0.5

Explanation:

From the information given:

The marginal rate of technical submission MRTS = -10

Wages W = $5

The marginal rate of technical submission MRTS = Wages/ Rental rate of capital

∴

Rental rate of capital = Wages/marginal rate of technical submission MRTS

Rental rate of capital = 5/-10

Rental rate of capital = $ -0.5

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Answer:

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Read more about original age

<em>brainly.com/question/26386049</em>

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