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24-05-2023
Business

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a. for the following table, draw the relationship between labor and capital given in the table.
LABOR : 10,20,30,40,50,60,70
CAPITAL : 90,77,55,45,36,29,25
OUTPUT : 100,100,100,100,100,100,100
b. what do we call this figure?
c. what is the MRTSlk when labor goes from 30 to 40 workers?
d. what is the MRTSlk when labor goes from 60 to 70 workers?
e. If the marginal product of the fiftieth laborer is 9, what is the marginal product of capital when the thirty-sixth unit of capital is employed?

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