Marginal rate of technical substitution is equal to:
A) mux/muy
B) mpl/mpk
C) mrsxy/mrs
D) mrx/mry
Correct Answer:
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Q11: The first derivative of the consumption function
Q12: Revenue function TR = 22x²+14, find Marginal
Q13: The addition to total cost:
A)mc
B)ac
C)tc
D)none
Q14: The proportionate change in quantity demanded and
Q15: MRSxy is equal to:
A)mux/muy
B)mpx/mpy
C)mrts
D)none
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Q19: The relationship between quantity demanded of a
Q20: The proportionate change in quantity demanded by
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