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Managerial Economics · Quiz 1 · 7 Jul 2024 · May 2024 term

Question 19: The marginal product of labour in the production of chip…

Question 19

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The marginal product of labour in the production of chips is 50 kg chips per hour. The marginal rate of technical substitution of hours of labour for hours of machine capital is 1/4.
What is the marginal product of capital in kg per hour? (only write the no.) __________

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Correct answer: 200

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Question 19 of 19 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 7 Jul 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB2 7 July 2024). It carries 2 marks.

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