Solved

The Marginal Rate of Technical Substitution Is the Rate at Which

Question 3

Multiple Choice

The marginal rate of technical substitution is the rate at which


A) one product can be substituted for another without affecting total production cost
B) one product can be substituted for another without affecting total expenditure by the buyer
C) one product can be substituted for another without affecting total utility
D) one input can be substituted for another without affecting total production cost
E) one input can be substituted for another without affecting total output

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents