Question

Question #7a4fb

Answer 1

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)`