Question #7a4fb

1 Answer

Refer to explanation

Explanation:

The marginal rate of technical substitution can be defined as

MR=-((df)/dx_1)/((df)/dx_2)=-(3/4*(x_1)^(-1/4)*(x_2)^(1/4))/((x_1)^(3/4)*(1/4)*(x_2)^(-3/4))=-3*(x_2)/(x_1)MR=dfdx1dfdx2=34(x1)14(x2)14(x1)34(14)(x2)34=3x2x1