The Marginal Rate of Technical Substitution May Be Defined as All

question 17

Multiple Choice

The marginal rate of technical substitution may be defined as all of the following except:

• A) the rate at which one input may be substituted for another input in the production process,while total output remains constant
• B) equal to the negative slope of the isoquant at any point on the isoquant
• C) the rate at which all combinations of inputs have equal total costs
• D) equal to the ratio of the marginal products of X and Y
• E) b and c

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Definitions:

Skeletal Muscle

A type of muscle that is attached to bones and is involved in the mechanics of movement in the body.

Striated

Having stripes or lines, often referring to a type of muscle tissue that appears striped under a microscope.

Actin

A protein that is essential for the contraction of muscle cells and plays a role in various types of cell movement and structure.

Blood

A vital bodily fluid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.