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Business, 28.12.2019 05:31 MiddleSchool2005

Consider the following production function: q = 7lk + 5l^2 - (1/3) l^3. given the following expressions for the marginal productivity of each input: mp_l = 7k + 10l - l^2 and mp_k = 7l assuming capital is plotted on the vertical axis and labor is plotted on the horizontal axis, determine the value of the marginal rate of technical substitution when k = 30 and l = 15. (round your answer up to two decimal places and include the proper sign.)

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Consider the following production function: q = 7lk + 5l^2 - (1/3) l^3. given the following express...
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