Business, 25.04.2020 03:49 labrandonanderson00

The marginal rate of technical substitution: A. equals the marginal product of capital times the marginal product of labor. B. is the horizontal distance between two isoquants. C. measures the rate at which marginal product declines as inputs are increased. D. measures the degree to which one input can be substituted for another, output held constant.

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The marginal rate of technical substitution: A. equals the marginal product of capital times the mar...