Find Erin’s marginal productivity of school work, piano practice, and her MRTS of piano practice for school work (MPp/MPs).
Microecon problem set PART I: PRODUCTION FUNCTIONS State whether the following claim is true or false, and briefly explain your answer. The following production function exhibits increasing returns to scale: Q= I, +1(1 Erin’s admission to a prestigious music school depends on the total score (Q) the admissions office decides to assign her. The school […]