Production Efficiency Condition

Tags: #Economics #Microeconomics

Equation

$$\frac{w}{r} = \frac{MP_{L}}{MP_{K}}$$

Latex Code

                                 \frac{w}{r} = \frac{MP_{L}}{MP_{K}}
                            

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Introduction

Equation



Latex Code

            \frac{w}{r} = \frac{MP_{L}}{MP_{K}}
        

Explanation

Latex code for Price for a Competitive Firm.

  • : Marginal Product Label

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