The Marginal Rate of Technical Substitution Is Equal To

question 41

Multiple Choice

The marginal rate of technical substitution is equal to:

• A) the absolute value of the slope of an isoquant.
• B) the ratio of the marginal products of the inputs.
• C) the ratio of the prices of the inputs.
• D) all of the above
• E) A and B only

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Definitions:

Feasibility

The measure of how possible or practical the implementation of a project, plan, or process is.

Sociologists

Experts or scientists who study the development, structure, and functioning of human society and the behavior of individuals in social groups.

Block Scheduling

An organizational timetable for schools in which class times are longer and fewer subjects are studied in a day, but for longer periods.

Leading Question

A type of question that suggests to the respondent the desired answer, often by implying or directly stating the expected response.