If for a particular combination of labour and capital, the marginal productivity of capital is 4 units of output and the marginal rate of technical substitution is 2 units of capital per unit of labour, then the marginal productivity of labour will be

🎲 Try a Random Question  |  Total Questions in Quiz: 416  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CUET-UG Economics / Business Economics Test: Micro Economics — practice the complete quiz, review flashcards, or try a random question.

Microeconomics is a branch of economics that analyzes market behavior of individuals and firms in order to understand their decision-making processes.


If for a particular combination of labour and capital, the marginal productivity of capital is 4 units of output and the marginal rate of technical substitution is 2 units of capital per unit of labour, then the marginal productivity of labour will be






ADVERTISEMENT