If MPL = 4, and MRTS = 8 what is MPK? Select one: O a. (1/2) O b. 2 O c. -2 O d. -24

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 14RQ: What is an externality?
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If MPL = 4, and MRTS = 8 what is MPK?
Select one:
O a. (1/2)
O b. 2
O c. -2
O d. -24
Transcribed Image Text:If MPL = 4, and MRTS = 8 what is MPK? Select one: O a. (1/2) O b. 2 O c. -2 O d. -24
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