With energy [E] on the horizontal axis and land [L] on the vertical axis,the marginal rate of technical substitution of energy for land (MRTS_EL)equals: A)MP_L/MP_E B)-$\Delta$E/$\Delta$L C)-$\Delta$Q/$\Delta$L D)(MP_L/$\Delta$E)($\Delta$L/MP_E)

Question

Quizplus · Accepted Answer

The Marginal Rate of Technical Substitution (MRTS) of energy for land is defined as the ratio of the marginal product of land (MPS_L) to the marginal product of energy (MPS_E), which is represented in choice A.

With Energy [E] on the Horizontal Axis and Land [L] Δ\DeltaΔ

With Energy [E] on the Horizontal Axis and Land [L] $\Delta$