The $MR T S_{L ,K}$=

A) $MP _ { K } / M P _ { L }$
B) $- \Delta L / \Delta K$
C) $MP _ {L } / M P _ { K }$

D) $- M P _ { K } / M P _ { L }$

Question

The $MR T S_{L ,K}$=

A) $MP _ { K } / M P _ { L }$
B) $- \Delta L / \Delta K$
C) $MP _ {L } / M P _ { K }$

D) $- M P _ { K } / M P _ { L }$

Quizplus · Accepted Answer

The marginal rate of technical substitution (MRTS) measures the rate at which a firm can substitute one input for another while holding the level of output constant. It is calculated as the ratio of the marginal product of one input to the marginal product of the other input. Therefore, MR T S_{L,K}= MP _ {L } / M P _ { K }, which is option C.

The MRTSL,KMR T S_{L ,K}MRTSL,K​ = A) MPK/MPLMP _ { K } / M P _ { L }MPK​/MPL​

The $MR T S_{L ,K}$ =

A) $MP _ { K } / M P _ { L }$