Assuming that w and r are both positive,if the long-run expansion path is horizontal,then
A) = 0.
B)MRTS is a function of capital only.
C)w = r.
D)All of the above.

Question

Assuming that w and r are both positive,if the long-run expansion path is horizontal,then
A) = 0. 
B)MRTS is a function of capital only. 
C)w = r. 
D)All of the above.

Quizplus · Accepted Answer

The Answer of Assuming that w and r are both positive,if the long-run expansion path is horizontal,then
A) = 0. 
B)MRTS is a function of capital only. 
C)w = r. 
D)All of the above.

Assuming That W and R Are Both Positive,if the Long-Run