MRTS is the slope of
A) production function
B) priceline
C) isocostline
D) isoquant

Name: MRTS is the slope of A) production function B) priceline C) isocostline D) isoquant
Brand: Quizplus
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Question

Quizplus · Accepted Answer

MRTS, or the Marginal Rate of Technical Substitution, is the slope of an isoquant. An isoquant represents combinations of inputs that produce the same level of output in production theory, and the MRTS indicates how much of one input can be substituted for another while keeping output constant.

MRTS Is the Slope of